3 Home Services Franchises Under $200K (All In)
Especially for budding entrepreneurs, franchising offers a compelling solution – a proven business model, established brand recognition, and ongoing support from a franchisor. But with countless franchise opportunities available, finding the right fit for you and your portfolio can feel overwhelming. This is especially true when you have a specific investment budget in mind.
Franchises under $200K can be hard to find, but there's a wealth of exciting home services franchise opportunities that fit the bill. Discover what brands you should consider.
Why Consider a Home Services Franchise?
The home services industry is booming. The global market, valued at $370.86 million in 2021, is projected to grow at a compound annual growth rate (CAGR) of 21.14% from 2022 to 2030, reaching an estimated value of $1.83 billion by the end of the forecast period. Homeowners’ busy lifestyles fuel the demand for services such as cleaning, repairs, remodeling, painting, plumbing, and landscaping. Franchises under $200K in this sector offer entrepreneurs a chance to capitalize on this trend while keeping investment costs manageable.
Below are some of the key benefits to joining a home services franchise:
- Recurring revenue potential: Many home service businesses – like landscaping or cleaning – generate recurring revenue from repeat appointments, providing financial stability and a predictable income stream.
- Affordable overhead costs: Compared to other franchise industries, there are many home service businesses that require less capital upfront to get started.
- Autonomy: Franchising allows you to start a business independently with guardrails. Reputable franchisors provide their partners with training, ongoing support, and a proven business model to follow. You’ll get to run your own business with guidance from industry professionals.
- High demand: No matter how the economy is behaving, the need for home services remains consistent, providing a strong foundation for business growth. Homes will always need repairs, whether previously scheduled or on an urgent basis.
4 Affordable Home Services Franchise Options
Below are a few exciting home services franchise opportunities for under $200K all in:
- Ideal Siding: Coined the fastest-growing siding franchise in North America, Ideal Siding provides reliable, cost-efficient, and professional siding services. Their franchise investment ranges between $83,500 and $129,700.
- Lawn Doctor: If you have a love for the outdoors, Lawn Doctor offers a lawn care franchise opportunity that offers multiple landscaping services, a proven track record, and national brand recognition. Investment costs range between $117,740 and $143,232.
- Premium Service Brands: A leader in the home services industry, Premium Service Brands offers a variety of established franchise opportunities like 360° Painting, Prolift Garage Doors, Maid Right, Kitchen Wise | Closet Wise, Window Gang, Rubbish Works, The Grout Medic, House Doctors, and Rooterman – all under the $200K budget.
Beyond the franchise costs, entrepreneurs need to consider additional factors when making a final investment decision. Be sure to review each brand’s franchise disclosure documents (FDD) to get a full understanding of the opportunity offered. Additionally, you’ll want to have open, honest conversations with the franchisors and current franchisees. Be sure to ask questions and take detailed notes so you can properly compare each brand.
Why Choose Premium Service Brands?
If you’re looking to invest in franchises under 200K, Premium Service Brands has several opportunities available for enthusiastic entrepreneurs looking to join the home services industry. We have a total of nine brands offering a variety of services from cleaning to painting. With territories available for investment across the U.S., we have plenty of room to bring on more franchise partners.
To learn more about our investment opportunities at Premium Service Brands, request information today, and one of our franchise development representatives will be in touch.