The COVID-19 pandemic saw a surge in South Africans taking on DIY and home improvement projects, leading to increased demand for professional companies in the sector. For individuals interested or skilled in DIY, buying a turnkey franchise in the home improvement industry can be a viable business opportunity. In this article, we explore the costs associated with purchasing popular franchises such as Drain Surgeon, Easylife Kitchens, and more.
Blind Guys specializes in the supply and installation of blinds, shutters, security barriers, and awnings. With a solid track record and a sustainable business model, Blind Guys offers franchisees access to reliable suppliers. The initial investment for a Blind Guys franchise is approximately R500,000, which includes an establishment cost of R20,000, an upfront fee of R280,000, and working capital of R300,000. Additionally, franchisees are charged 3% of targeted turnover or a minimum of R9,000, and 20% of digital marketing spend or a minimum of R3,000.
Coastal Hire is a well-known tool hire business with numerous locations across southern Africa. They focus on renting small equipment for home improvement and DIY projects. While they don't provide a comprehensive breakdown of new franchise costs, the equipment is estimated to cost around R800,000. Existing franchises are also available for purchase, with prices varying depending on the location.
Easylife Kitchens has been manufacturing kitchen cupboards since the early '90s and operates through a network of 35 showrooms. They offer two franchise models at different price points. A studio showroom franchise costs approximately R700,000, including a R140,000 joining fee, setup costs, and two months of working capital. A full Easylife Kitchens showroom franchise costs around R1.6 million, including a R450,000 joining fee, setup costs, and two months of working capital.
Galaxy Doors is a home improvement franchise that specializes in the supply and installation of garage doors and security gates. They offer turnkey franchise opportunities throughout South Africa and provide technical and installation training to elected employees. The estimated total investment for a Galaxy Doors franchise is R607,000, including an upfront fee of approximately R243,500 and an establishment cost of R276,500. Franchisees are also required to pay monthly royalties and advertising fees.
The Drain Surgeon is a plumbing franchise with a history dating back to 1979. Franchisees have the opportunity to invest in a turnkey plumbing operation without necessarily being involved in day-to-day operations. The initial investment for a Drain Surgeon franchise is approximately R376,000, with an additional recommended working capital of R70,000. Ongoing fees of 15% of turnover, allocated to advertising, marketing, and management, are applicable to established franchisees. The Drain Surgeon also offers the option to convert an existing plumbing business into a franchise.
Investing in a DIY or home improvement franchise in South Africa provides a lucrative opportunity for individuals interested in the industry. Franchises like Blind Guys, Coastal Hire, Easylife Kitchens, Galaxy Doors, and The Drain Surgeon offer turnkey solutions and varying price points. Potential franchisees should carefully consider their investment, business acumen, and specific franchise requirements before making a decision.
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