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Matt Plaskoff has invested 10 years and $4 million into One Week Bath, and after nearly 1,000 fast-turnaround bathroom remodels in Los Angeles since 2004, he’s ready to roll it out across the country.
REMODELING's list of the biggest insurance restoration companies.
Franchise organizations in remodeling have grown as they’ve focused their service offering.
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Franchising has grown in the U.S. as well as in the remodeling industry. Now both are feeling the hard times.
Ewing has worked in real estate for more than 30 years, first in sales, and for the last 22 years as a manager and owner. The firm has 150 sales associates and three offices in Southern California, and became a Sotheby's franchise three years ago.
For 18 years, Patrick Crowley (Big50 1994) has remodeled medical offices. Crowley Medical Office Interiors in Johnston, R.I., offers design, construction, and cabinetry, creating one-stop shopping for doctors and dentists. He now offers a franchise that taps this expertise.
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Adding a specialty business isn't for everyone, but it can be a real profit center.
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There are hurdles to overcome, but most remodelers believe that consolidation will happen in the remodeling industry.
Though most remodelers do not own construction-related franchises, 33% of our respondents have considered purchasing one. Of the owners that purchased a franchise, 70% still own their original company and 67% manage both companies themselves. Those who invested in a franchise cite the desire to diversify for a more steady income as the No. 1 reason for purchase. Other reasons include increasing profitability and volume of work.
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Some six years after selling its first franchise, Case Handyman Services has expanded rapidly, with 66 partners nationwide. Now, its sister company, Case Design/Remodeling, a Bethesda, Md.–based firm that served the Washington, D.C. metropolitan area to the tune of $40 million in 2004, hopes to match that success by franchising full-service remodeling.