There are approximately 25 million homes in the UK - and there are very few that lack a kitchen.
It may be a substantial, expansive, open-plan food preparation and dining space. Or it might be a tiny cupboard-like scullery, crammed with units and a microwave. In fact, the smaller the space, the more opportunity for some real innovation in layout, design, and practicality.
The UK is also obsessed with cookery programmes - from Bake Offs and Bikers to Masterchefs and mixologists; it seems that there's rarely a day in the schedules without food programming.
And it's a well-trodden belief that kitchens and bathrooms sell homes. So it'll come as no surprise that the fitted kitchen sector offers a vast variety of franchise opportunities in this£4.2 billion industry.
Kitchen franchises provide entry into every aspect of fitted kitchen sales - from kitchen furniture manufacture, kitchen design, kitchen electricals, to kitchen fitting.
Whether the homeowner is a passionate amateur or a boil-in-the-bag beginner, the kitchen is the heart of the home, and the UK public is keen to invest in luxurious living; punctuated by their love of food.
Franchising
The average spend for a refitted kitchen is around £7000. That's about £3000 for units, around £2000 for fitting, and another £1000 for appliances. That's assuming that the floor doesn't need retiling and the walls don't require replastering, repainting or tiling; and that there are no significant changes in layout.
There's a lot of money in kitchen franchises - but, we're talking a significant investment here: people are selective about who they trust.
This is where kitchen franchises help individuals gain a foothold in the marketplace: you inherit a reputation for quality and customer service as soon as you adopt familiar branding.
And there's no better way to reassure a customer to part with their budget than to provide the reassurance of scale - it's much safer to invest in a large company with a history of excellence than a small affair with few recommendations.
When making a substantial investment, it's safer to go with a larger company with an established infrastructure than for a one-person-band who might not be able to provide aftercare.
Adopt the supportive community of a large, established company, and build your new business with training and support and a ready-to-go trading infrastructure.
Benefit from a ready-made supply chain, offering reassurance to your future customers that you're part of a family of businesses that CAN provide a great experience.
Facts About Kitchen Franchises
Kitchens add value to a house, so when it comes to an investment in one's property, most people are prepared to go the extra mile. A well-installed, top-of-the-range kitchen adds the WOW factor, after all; regardless of the size of the entire property.
Kitchen franchise businesses cover a range of business types, from design and consultancy to furniture manufacture and fitting; as well as the decorative finishing that most clients require.
The UK loves its gadgets, and there's a large kitchen franchise sector dedicated to bringing the best in top-of-the-range coffee makers, blenders, mixers, dishwashers, fridges, and more.
The kitchen gadget sector is worth around £1 billion per year in the UK, with the expectation of continued growth.
Another large market in kitchen franchising is the renovation sector - providing replacement cupboard doors, worktops, and drawer fronts if the existing carcasses are in good condition. This helps people transform their kitchens for a fraction of the price of a full refit; which means that there's plenty of additional cash to spare for extras.
Franchising Vs Independent
Gathering together start-up funds for a brand new company can present a range of obstacles. Banks tend to favour the franchise model because the business is built on a proven financial infrastructure and offers a safer return on the investment.
Independent companies, on the other hand, often struggle to gain decent interest rates on loans because start-ups without the support of a parent company present a range of barriers to success.
Independent start-ups are considered riskier because the first two years of business are fraught with financial risk, and almost half of all new companies in the UK go into receivership before they break even.
The franchise model offers proven stability, with support and training from the parent company, helping new businesses get off to a healthy start.
Kitchen Franchises
Explore our range of kitchen franchises, and become your own boss today!
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