TL;DR
Pestmaster Services, a pest control franchise, is gearing up for strong growth in 2022, driven by the booming pest control market and the backing of Threshold Brands. The global pest control market is projected to reach $30 billion by 2027, growing at a CAGR of 5.2% from 2020 to 2027.
Over the course of four decades, Pestmaster Services, the more than 65-unit pest control franchise, has established itself as a leader in the pest control industry, which has proven to be pandemic-proof as the demand for home services booms. The global pest control market forecast was valued at $20.6 billion in 2019, and is now projected to reach $30.
0 billion by 2027, growing at a CAGR of 5.2% from 2020 to 2027. Now, fueled by the strength of the industry and the backing of multi-brand franchisor Threshold Brands, the leading franchisor in the home service space that includes MaidPro, Men in Kilts, FlyFloe, USA Insulation, Heating + Air Paramedics, Plumbing Paramedics and Sir Grout, Pestmaster is gearing up for significant franchise expansion as more savvy entrepreneurs recognize the value of buying a pest control franchise.
“The home services industry is growing in a meaningful way, offering vital services that customers value, especially during a time when many people are spending more time than ever before in their homes,” said Scott Sutton, Threshold Brands’ chief growth officer. “Pestmaster Services provides an important solution to help people thrive in their most sacred of spaces — their homes.”
The pest control industry continues to grow year-after-year, despite the challenges of the COVID-19 pandemic, largely because of its designation as an essential service. In 2020, pest control firms saw a 2.9% increase in total revenue from 2019, according to the latest report.
Another reason behind the increased demand for pest control services: weather changes. Mild summer and winter weather can increase both insect and rodent presence, thereby expanding the demand for services that eliminate public health pests.
Luckily, Pestmaster has whitespace available in prime markets across the country. “It’s rare to find a brand with decades of experience under its belt that has any territories available, let alone lucrative opportunities in key markets across the country,” said Kieran Scott, Pestmaster brand president.
Until recently, Pestmaster has focused its efforts almost predominantly on government-contract work, which has proven profitable for existing franchise owners but hasn’t demanded large scale national expansion. Now, with years of experience under its belt to perfect its operational model and the backing of a powerful franchisor, Pestmaster is poised to capture a dominant share of the pest control market.
The brand is planning for aggressive development over the next year in core markets across the country, and qualified franchise candidates have the opportunity to get in on the ground floor and capitalize on the growth of the industry.
In this story
This story was originally published in 1851 Franchise on February 11, 2022. Burnaze summarizes and links to the original reporting.
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