Why a Roofing Franchise Is a Good Investment
Now that autumn has arrived, it’s safe to assume that winter won’t be far behind. This indicates that it is time to start thinking about your home and how you can get it ready for the cooler months ahead of us. You should make sure that the quality of your roof is one of the top priorities on your list of things to do. Your home will be safe from the elements and your family will be able to stay warm and dry all through the winter if it has a sturdy roof that has been carefully maintained.
If you’re thinking about getting a roofing franchise, now is the time to do it. Here are four reasons why a roofing franchise is a good investment:
1. It’s a Recession-Proof Business
The roofing industry is one of the few that is largely unaffected by economic downturns. In fact, during the last recession, the roofing industry actually grew by 4%. That’s because people always need roof repairs, no matter what the economy is doing.
What could be more essential than a roof over your head? US Census data shows that homeownership has increased steadily over the past few decades, meaning there are more roofs out there that need to be repaired and replaced. And as homes age, they become even more likely to need roof work. In fact, the average asphalt shingle roof only lasts about 20 years before it needs to be replaced. So, if you’re looking for a business that will be thriving no matter what the economic conditions are, a roofing franchise is a great option.
2. There’s a High Demand for Roofing Services
Not only is the roofing industry recession-proof, but there is also a high demand for roofing services. In fact, the demand for roofing services is expected to grow by 6% in the next decade. That means that now is the perfect time to get into the roofing business.
There are a number of reasons for the high demand for roofing services. First, as mentioned above, homes are getting older and therefore need more roof work. In addition, the harsh weather we’ve been experiencing lately has taken a toll on roofs, resulting in more repairs and replacements. And finally, the decision to redesign one’s home is one that is being made by an increasing number of individuals, and a new roof is frequently included in this process. Consequently, if you are interested in establishing a prosperous enterprise, a roofing franchise is an excellent choice to consider.
3. You Can Be Your Own Boss
A roofing franchise is an excellent opportunity for people who are sick of being told what to do and who are ready to take charge of their own careers. When you become the owner of a roofing franchise, you will be in command of your own company and will have the flexibility to work as much or as little as you like to generate revenue. You will be free to manage your business in the manner that you choose and determine your own working hours. Consequently, purchasing a roofing franchise is a good choice to make if you want to be your own boss and work for yourself.
If you’re ready to be your own boss, contact a reputable roofing franchise company such as Mighty Dog Roofing today to learn more about how you can get started in the roofing business.
4. You Can Make a Lot of Money
In addition to the freedom and flexibility that come with being your own boss, owning a roofing franchise can also be quite profitable. In fact, the average roofing contractor earns a six-figure income. Data from the Bureau of Labor Statistics shows that the median income for roofing contractors is $78,430 per year. That means that half of all roofing contractors earn more than that amount and half earn less. However, the top 10% of earners in this field make an average of $118,320 per year, which indicates that there is good potential to earn a high income in this profession.
So, if you’re looking for a business that is recession-proof, has a high demand, and can be quite profitable, a roofing franchise is a great option for you. Research the various franchises that are available and find one that is a good fit for you. Then get started on your path to becoming your own boss and earning a great income.