We just made it through an economic shut down never seen before. Many retail and personal service businesses failed or are in deep financial trouble. Some tech companies grew and other companies grew, but one sector that grew that is not being talked about is the residential remodeling industry.
Homeowners Fixed Issues Put Off in the Past
Our company focuses on "need to" repairs not "want to" repairs. We feel because of this we were and are considered "essential" in every state we have a franchise or corporate location. Did we see some homeowners wait due to the shutdown and uncertainty of the economy or their jobs? Absolutely. I suspect all industries did. But, we were and are still open for business and thriving.
Remodeling Sales from March to May 2020
Don't get me wrong, I feel the time from March to May of 2020 did not do as well as it could have if the economy was not shut down. In fact, our sales were down 14% from March through May of 2020 versus the same time in 2019.
We were planning on a 20% to 30% increase during that time over the previous year. A shutdown economy is certainly difficult to predict. In spite of the lower numbers of March through May, our 2020 revenue is higher than our 2019 revenue year-to-date by 14%. Wow!
We had a phenomenal January and February and May is actually way up over the previous May as well. The most disappointing months were March and April, but due to us outperforming January, February, and May, we quickly made up for the lost revenue of March and April.
Starting a Residential Remodeling Business Now
The economy seems to be getting back to normal with most states loosening restrictions. Even in states with very harsh stay at home orders, people still needed residential remodeling businesses to help them take care of problems in their homes.
This is why I feel now more than ever you should consider starting a residential remodeling business like Crawl Space Ninja. Again, maybe some non-essential remodeling businesses did not fare as well as we did and some may have done better. The point is choosing a residential remodeling business model like Crawl Space Ninja where we focus on needed repairs is a great business to open in your area.
Your Next Step
If you are interested in helping Crawl Space Ninja open in your area, we want to speak with you today. We are one of the fastest-growing indoor air quality, waterproofing, and energy-efficient companies out there.
The reason we are so blessed is our great people and lots of prayer. We put our business owners and staff first because we know treating them well will cause them to treat our customers well.
Our name recognition and YouTube presence have helped us create a marketing platform like no one in our industry. We have hundreds of homeowners contacting us to fix their homes in areas we are currently not in. This is where you come in. Help us help those people and you could be on your way to a successful residential remodeling business.
Great Business Opportunity in 2020
Our growth potential is huge because of the potential to help so many homeowners. We are constantly reviewing more "need to" services to help our business owners succeed. Most homeowners cringe at the thought of fixing their own crawl space or attic. Many won't even go in them. This is great for us because we have the knowledge and resources to fix those areas and make them worry-free for years to come.
According to MarketWatch.com,
"Home remodeling is a $450 billion market, and it's only going to get bigger."
Now is the time for you to act, click here to set up a free consultation with one of our Business Growth Strategists today.