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With Premium Service Brands adding more home services brands to its multi-brand roster, Kitchen Wise franchisees have a unique opportunity to leverage vertical growth in their market.
Kitchen Wise, the 25-plus-unit home organization franchise under the Premium Service Brands umbrella, signed 14 new franchise units in 2021 and increased systemwide sales by a whopping 203% as Americans spent more time at home due to the pandemic. Now, Kitchen Wise is positioned for another flagship year, especially as Premium Service Brands continues to emerge as a leader in the home services segment with an aggressive acquisition strategy.
Premium Service Brands is expanding its efforts to acquire more franchise brands positioned to benefit from their unique operational model proven to rapidly and exponentially accelerate franchisee growth.
In 2021 Premium Service Brands saw its strongest year yet for acquisitions, which included the acquisitions of 67-unit tile and grout cleaning franchise The Grout Medic and 36-unit handyman franchise House Doctors in just one week, as well as junk removal franchise Rubbish Works in late 2020.
“The investments we’ve made in technology, training, operations and marketing have accelerated our overall growth faster than we anticipated, and that’s especially true for our newly acquired brands,” said CEO Paul Flick. “That industry-leading growth rate gives us a competitive advantage, so we’re dramatically increasing our efforts to find additional near-term acquisition targets.”
Premium Service Brands has completed four acquisitions in less than 24 months, increasing its portfolio of home-service franchise brands to nine. Now, the company will continue to look for home services franchise brands that are well-suited to join the Premium Service Brands roster.
“The combination of our simple acquisition process and proven franchisee support makes it easy for founders to not only enjoy a successful exit, but to do so knowing the franchise partners in their system will have an incredible opportunity to achieve record-setting growth as a result,” said Flick. “That creates a true win-win-win situation and is something we believe will be intriguing to a number of home-service franchise leaders who feel market conditions make this a great time to sell their franchise system.”
With Premium Service Brands reaching new heights and expanding its footprint, Kitchen Wise franchisees can leverage the backing and support of a steadily growing parent company. For example, with more home services brands under the Premium Service Brands umbrella, franchisees have even more opportunities to grow vertically in their market with multiple concepts. This multi-brand investment strategy gives franchisees the opportunity to leverage their existing relationships to generate even more business.
Premium Service Brands’ Home.One Program, for example, offers prospective and existing franchisees an incentive to acquire multiple Premium Service Brands concepts and dominate their local market through multi-brand ownership.
The initiative also includes a cross-promotional lead portal that allows franchise owners to build and leverage relationships within a single market and ensure that customers' ongoing home-services needs are always met.
Being a part of the Premium Service Brands family also means Kitchen Wise franchisees benefit from a range of support systems and resources designed to make them as successful as possible. Those resources include marketing, technology, recruiting, vendor partnerships, product sourcing, routing and scheduling software, a contact center and a range of other essential operational systems.
Kitchens are the most popular rooms for home renovations, according to the National Association of Realtors, but a traditional rehab is out of many Americans’ price range. Kitchen Wise solves that problem by providing strategic upgrades that transform kitchens without any construction or demolition, dramatically reducing the cost of upgrades. That approach has made Kitchen Wise one of the most sought-out opportunities in the industry, especially as homeowners spend more time considering renovation projects due to the pandemic.
Now, Kitchen Wise hopes to tap into this demand and expand with qualified franchise partners in available territories throughout the country. Plus, as Premium Service Brands continues to aggressively look for acquisitions to complement their existing multi-brand roster, the time has never been better to invest.
“Both Kitchen Wise and Premium Service Brands enjoyed record-setting years in 2021” said Flick. “The more we can satisfy the end user and provide existing franchise partners with more leads and revenue, the better we will perform overall, which is why prospective franchisees have a great opportunity to help Kitchen Wise expand its footprint in 2022 and beyond.”
The initial investment to open a Kitchen Wise ranges from $101,875 to $144,000. This includes a $65,000 franchise fee. The brand is actively seeking franchise owners in Dallas, Houston, Chicago, Phoenix, San Antonio, Boston and Raleigh. For more information on franchising with Kitchen Wise, please visit https://www.premiumservicebrands.com/kitchen-wise/.
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