PROPERTY SERVICES
Advantages of Investing in a Painting Franchise by Greg Mohr, Consultant, The Franshise Consulting Company
DEMAND One of the biggest reasons why starting a painting business is a good idea is because there is a huge market for painting. This service is always in demand for homeowners and businesses around the country. So, it can provide a steady source of income and the opportunity to be your own boss. For those new entrepreneurs who don't want to start from scratch, purchasing a painting franchise may be the way to go There’s a strong housing demand in virtually every region of the country.
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With a renewed interest in maintaining living spaces, home improvements sales are projected to top $510 billion by mid-decade. That means the demand for services from a painting franchise goes up as more houses are built. Not only is the market large though, but it’s also a recurring market. This means that even though you’ve painted a house or an office this year, in a few years they will likely need to be repainted hence the client will give you a call. The size of the market is constantly growing as well. Think about how many new homes and businesses have
OCTOBER 2021 | WWW.FRANCHISEJOURNAL.COM
opened in your area over the past few years. All of those structures needed to hire a painting company because painting is often a need, not a luxury. TYPES OF PAINTING There are so many types of painting jobs out there for the taking. You can choose to specialize in residential interior or exterior painting for homeowners, new construction painting, or residential painting for builders. There are also commercial painting jobs for offices, apartment buildings, industrial facilities, and more. The options are endless with the size of the market!