The home services industry is a network of brands that provide residential services to help homeowners keep their property in the best possible condition. From roofing, cleaning, HVAC, and plumbing to restoration, pet-sitting, and landscaping, there are an abundance of businesses that fit into the sector.
Some companies within home services also offer commercial assistance along with residential. However, the main focus is on improving the households of clients.
What are Home Services Franchises?
A franchise is a way for an established brand (franchisor) who already has a trademark and public identity along with a time-tested business operation process to bring aspiring entrepreneurs (franchisees) into the system through royalty payments and other fees. These payments allow the franchisee to do business under the franchisor’s name and use their proven techniques to grow.
Essentially, franchising is a way of starting a business with a brand that has already been running smoothly and successfully.
Therefore, a home services franchise such as STOP Restoration FranDev offers a way for entrepreneurs to run a business with support and resources that bring growth. Our network is part of the home services industry as professionals delivering restoration services that repair the condition of a home after disaster strikes. We provide the same quality and technology to every individually owned business and location with our nationwide presence.
A continuously growing industry, the home services sector benefits from balancing in-person offices and the conveniences of online booking services. According to Verified Market Research, the industry was valued at more than $261 billion in 2018, with the expectation of reaching a valuation of over $1,133 billion by 2026.
Some trends within the restoration industry indicate a need for:
- Focusing on Indoor Air Quality (IAQ) due to natural events and environmental changes.
- Expanding the territories of home restoration businesses due to the growing number of fires, hurricanes, and other extreme weather.
- Continuing to improve efficiencies in technology – booking services, communication streamlining, image capturing, and remote pricing estimations.
- Continually investing into training and resources for helping customers navigate the insurance claims process as insurance companies move toward underwriting profit.
In the Law Offices of Edward H. Cross issue: A Look at Industry Trends, owner of Mobile Clean Systems Annissa Coy discusses how far the awareness has come regarding the importance of contents restoration in the overall success of a restoration project over the last decade. She also mentions how crucial training and education resources are and how far they’ve come since many businesses did not have these resources ten years ago.
At STOP Restoration FranDev, we’re fortunate to have far more experience in training than other restoration companies. Starting as a consulting company, STOP stood for: Support Training Operations Processes., We’ve been guiding franchise owners towards success in business and compassionate customer service with 40 years of knowledge under our belts.
Are you interested in learning more about the home services franchise industry or trends? Get in touch at (844) 980-1518!