Here’s today’s important franchise tip: if you’re looking only at the latest and greatest when exploring ownership, you’re missing out. Some of the best-kept secrets in franchising are more “standard” businesses. And a great one to look into now is the home services category.

Home service franchises may be less flashy or less widely known than, for example, restaurants or gyms. But check out their advantages: low investment, fast ramp-up, and higher profit margins than most other businesses. Add to that their huge customer demand, easily scalable and recession-resistant nature, and minimal competition. Many also have a recurring, repeat customer base, which means predictable income and scheduling.

Why the demand for these services? Today, few people have the time, tools, and talent to do home-related projects themselves. But most of us have a strong interest in maintaining our home and its value—after all, it tends to be the biggest investment we have.

What’s the urgency? Now is the best time to look into home service franchises. When spring rolls around, people commonly assess the condition of their home, look at what needs to be done, and start calling around. If you start your due diligence now, you could open by March 1 and capture your full market share during the upcoming peak season!

What kind of services are we talking about? Examples of home service franchise industries include: residential cleaning, handyman services, painting, floor coverings, window treatments, lawn care, landscaping, water damage, HVAC, locksmiths, and many more.

Keep in mind that most of these franchises require the franchise owner’s full-time involvement during the initial start-up period. But don’t worry if you’re not the handy type; you’ll be running the business while your employees are out providing the service. Many franchisors provide call centers to answer the phone and book appointments right on your schedule. It doesn’t get more convenient than that.

Schedule a call with me to discuss this further and maybe Spring 2020 will be your most lucrative season yet.