House Doctors Franchise Investment
How Much Does It Cost to Start a Home Improvement Franchise?
While you may be excited about the prospect of owning a home improvement franchise, it's important to understand the financial investment required. Starting a franchise requires capital and careful financial planning, like any business venture.
House Doctors works to provide low-cost home improvement franchise opportunities to potential franchisees. Our initial investment costs are designed to be accessible for entrepreneurs looking to break into the industry.
Initial Investment Costs
The cost typically ranges between $101,350 and $145,000. This can vary based on several factors. Location plays a significant role, as certain areas may have higher labor or material costs. Additionally, the specific equipment and resources required for the project can further influence the overall expense, ensuring tailored solutions meet individual needs.
This covers everything you need to start your franchise journey, including the $65,000 franchise fee, equipment costs, marketing materials, the OXP training program, and ongoing operations support. We understand that starting a business can be financially daunting, so we can work with you and trusted lenders to secure financing options that fit your needs.
| Type of Expenditure | Low | High |
|---|---|---|
| Initial Franchise Fee: | $65,000 | $65,000 |
| Vehicle | $1,500 | $5,000 |
| Real Estate and/or Leasehold Improvements | $0 | $3,000 |
| Equipment & Supplies | $2,500 | $7,500 |
| Insurance | $2,000 | $5,000 |
| Signage | $3,000 | $4,000 |
| Technology Fee | $5,000 | $5,000 |
| Grand Opening | $2,500 | $5,000 |
| Training Expenses | $2,600 | $4,600 |
| Licenses/Bonds | $100 | $1,500 |
| Professional Fees | $1,500 | $3,000 |
| Additional Funds (3 months) | $22,500 | $40,000 |
| Total Estimated Initial Investment | $108,200 | $148,600 |