TL;DR
Premium Service Brands' 'Own the Home' program allows franchisees to grow their portfolio vertically within the same market with a 10% discount on franchise fees for multiple brands. The program has contributed to the company's growth, with 75 territories sold across North America and a 35% increase in sales in 2020.
An industry leader in home service franchising, Premium Service Brands is the parent company for 360º Painting, Maid Right, ProLift Garage Doors, Renew Crew, Rubbish Works, Handyman Pro and Kitchen Wise. The brand recently rolled out their ‘Own the Home’ program which allows prospective franchisees a 10% discount on their franchise fee to sign on with multiple Premium Service Brands. In short, it’s a much more efficient and cost-effective way for franchisees to grow their portfolio vertically within the same market.
Growing a portfolio vertically within the same market gives franchisees the opportunity to leverage their existing relationships in the same market to get more business. And while now may seem like an impossible time to start a new business venture due to the uncertainties of the economy and COVID-19, the home service industry is essential and thriving. In fact, Premium Service Brands has sold 75 territories across North America and sales were up 35% in 2020. And best of all, their franchisees feel supported and happy.
"I opened my 360º Painting location six years ago and built a great customer base," Erech Gallatin, Minneapolis 360º Painting and Kitchen Wise owner said. "When Premium Service Brands acquired Kitchen Wise, we knew it was the perfect opportunity to enhance our customers' experience and give them more options. With 360º Painting, we do a large amount of kitchen cabinet projects, and now we can offer an affordable way to create a more functional and usable space without a major renovation.
Being able to offer Kitchen Wise services to our 360º Painting customers — and vice versa — gives us an edge on providing more value to our clients with these new services."
In this story
This story was originally published in 1851 Franchise on February 17, 2021. Burnaze summarizes and links to the original reporting.
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