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3 Facts about the Home Improvement Industry and Their effect on Franchising


September 15, 2022


 

Many investors want to join the home improvement industry. This is a growing industry, with in-demand services that have been proven over time to be recession and pandemic resistant. Here are some facts about the home improvement industry and how Color World Painting sets you up for success in the industry.

 

Fact 1: The industry is worth $538 billion 

Since Covid-19 the industry has been booming. In 2021, Americans have spent the most on home improvements than they ever had in the years before.

How Color World Benefits: Color World Painting provides 5 different businesses in one to maximize earning potential as a franchise owner. By providing painting, holiday lighting, carpentry, gutter installation, and power washing franchise owners get to capitalize on many services in the huge industry.

 

Fact 2: The number of painters has increased by 2.99%

Over 223,223 painters currently employed in the United States are more likely to work at private, smaller companies rather than large ones.

Franchising Effect: When opening your own painting business with Color World Painting, you can opt to open with 0-2 employees by hiring contractors.

 

Fact 3: 76% of American homeowners did a home improvement project in 2020.

 

The home improvement industry is a recession and pandemic-resistant business. With an average home being built in 1980, there is a high demand for home improvement projects.

Franchising effect: With Color World Painting, you can offer multiple services to your clients and become a household name in your community. Our buying power and partnerships will maximize your profits with every job.

 

To learn more about how Color World Painting, click here.


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  • Ranked #100 in 2023
    Top Home-Based & Mobile Franchises

  • Ranked #23 in 2023
    Top Franchises for Diversity, Equity, & Inclusion

  • Ranked #64 in 2023
    Top Franchises for Less Than $150,000

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  • Ranked #100 in 2023
    Top Home-Based & Mobile Franchises

  • Ranked #23 in 2023
    Top Franchises for Diversity, Equity, & Inclusion

  • Ranked #64 in 2023
    Top Franchises for Less Than $150,000

"From the get-go, Color World Painting felt right. Everyone we met during the exploration process was incredible. The opportunity to run our own business while having the support of a proven entity was key. Our goal is to create a life for our family where we can be present for our children and provide a life that they deserve."
Susan Behich

A Part Of The Authority Brands Family


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