House repair services
Old construction demands maintenance and repair. You can start a house repair service business if you know the construction line. House repair business is a low investment business. However, you require semi-skill or unskilled labour to start this business.
Every construction demands maintenance and repair in case of need. House repair services is a great business that need to have related skills. It requires low investment but your time is necessary to do good job for your own marketing.
Executive Summary:
Our house repair services company, “Home Fixers”, is dedicated to providing homeowners with top-quality repairs and maintenance services for their homes. We understand the importance of maintaining and repairing homes, and our team of experts is committed to providing reliable and efficient services to our clients. Our services include plumbing, electrical, carpentry, painting, and other general repairs.
Market Analysis:
The demand for house repair services has been increasing over the years, as more homeowners prioritize maintaining their homes. According to a report by IBISWorld, the home renovation market size was valued at $449 billion in 2020 and is expected to grow at a CAGR of 3.5% from 2021 to 2028. This growth presents an opportunity for us to expand our services and meet the growing demand.
Services:
Our house repair services include but are not limited to:
- Plumbing repairs and installations
- Electrical repairs and installations
- Carpentry and woodworking
- Painting and decorating
- General repairs and maintenance
- HVAC repairs and installations
- Roofing repairs and installations
- Flooring and tiling
- Kitchen and bathroom remodeling
Marketing Strategy:
We will use a multi-channel marketing approach to reach our target audience, which includes homeowners in our service area. Our marketing efforts will include:
- Social media advertising: We will use Facebook, Instagram, and Twitter to advertise our services and engage with potential clients.
- Website: We will create a user-friendly website that showcases our services, expertise, and client reviews.
- Referral program: We will incentivize our clients to refer us to their friends and family by offering discounts on our services.
- Direct mail: We will send flyers and postcards to homeowners in our service area.
Revenue Streams:
Our revenue streams will come from charging clients for our services. We will charge a competitive rate for our services, and our pricing will depend on the scope of the project.
Operations Plan:
We will hire skilled professionals to handle our repair and maintenance services. Our team will be trained to deliver top-quality services to our clients. We will also invest in tools and equipment to enable our team to deliver efficient services.
Financial Projections:
We expect to generate revenue of $500,000 in the first year of operations, and our revenue is expected to grow by 10% annually. Our operating expenses will include employee salaries, equipment and tool maintenance, marketing costs, and insurance.
Conclusion:
With the growing demand for house repair services, our company, Home Fixers, is well-positioned to provide homeowners with top-quality repair and maintenance services. We will leverage our team’s expertise, efficient services, and competitive pricing to build a loyal client base and grow our business.
here is a projected income statement for Home Fixers for the next three years:
| Year 1 | Year 2 | Year 3 | |
| Revenue | $500,000 | $550,000 | $605,000 |
| Cost of Goods Sold | $150,000 | $165,000 | $181,500 |
| Gross Profit | $350,000 | $385,000 | $423,500 |
| Operating Expenses | |||
| Employee Salaries | $200,000 | $220,000 | $242,000 |
| Marketing | $20,000 | $22,000 | $24,200 |
| Equipment Maintenance | $10,000 | $11,000 | $12,100 |
| Insurance | $5,000 | $5,500 | $6,050 |
| Total Operating Expenses | $235,000 | $258,500 | $284,350 |
| Net Income Before Taxes | $115,000 | $126,500 | $139,150 |
| Taxes (25%) | $28,750 | $31,625 | $34,788 |
| Net Income | $86,250 | $94,875 | $104,363 |
Note: This income statement is based on projected figures and may differ from actual results.
