In today’s competitive business environment, every entrepreneur is looking for a business that is profitable but less competitive, but when you think of a window glass business, it is wise to ask yourself beforehand – “Is opening a window glass business a valuable pursuit?”
It is true that not having windows is not a choice for both commercial and residential buildings. And glass is often the first choice when it comes to the installation or replacement of windows. Even when you’re making a calculated choice, the glass comes first because they are durable, energy-efficient, stylish, etc.
Whether the window glass business is profitable or not will be decided by how much you spend at the beginning of your business, your target market and competition, and many other factors.
Take a look at a few of the things you should do before you start a window glass business or buy glass repair businesses for sale.
How should you be ready financially?
Business like window glass repair doesn’t require a great deal of capital to start. Your expenses include license fees, insurance, materials, transportation, etc. The average start-up cost should start from around $5,000.
You might want to look at other aspects of business for preparing yourself financially.
· Contractor’s license fee
· Insurance of your business (and for your employees)
· Training course fees – installation, repair, and various related certifications
· Tools, materials, equipment, maintenance equipment, etc
However, you can also opt for buying glass repair businesses for sale. Window glass companies provide franchise opportunities for determined entrepreneurs who would help them grow their businesses and make a career for themselves. Window Medics is one such window glass company that is looking to expand its business locations.
Window Medics provides window replacement and installation services. If you are an entrepreneur looking for a glass repair business for sale, there’s no better chance than Window Medics. Window Medics franchise opportunities don’t require you to have any premises to start your business. You can start with around $25,000.
However, the best thing about a franchise is that you have a ready-made tested model for success, and no matter how much you are spending, there are little to zero risks of failing in your business.
How is the target market important?
One of the important prerequisites of business is learning or gathering data about the target market. Learning about the market will give you insight into the strength of your competitors and how hard you must work to meet their level and know how you should exceed that level.
It is also important to learn what kind of window glass services your competitors provide so that you can offer your customers an added or unique benefit of your services. Note that depending on the location, your competition or target market will be different.
Finding a thick competition and many business rivals in the same area can affect your business, and hence it is essential to choose your location. But if you are providing a unique service, then you will nearly have no competitors.
This is similar to the glass repair business for sale from Window Medics. Window Medics, the fastest growing business in the window industry, is well-known for providing patented defogging processes in its window repair services. As you become a franchisee of Window Medics, you will have no rival in the area you are operating, and you will be the only owner of patented defogging services of that particular area.
Is a glass business profitable?
In the USA, you can earn up to an average of $600,000 annually, but after taxes and business costs, your profit would come down to somewhere between $250,000-350,000.
When a customer is replacing or repairing their windows, the charge includes the price of the windows and the labor cost. But in case you are working as a subcontractor, the materials and your services will be paid from the retailer’s warranty.
Are you looking for ways to make your window business profitable?
Apart from window repairing services, you can also provide other window-related services like window installation, glass cleaning, servicing, etc. If you are working as a franchisee with a reputable businesses like Window Medics, apart from the window defogging process (mentioned above), you can provide various styles and designs of window installation, servicing, etc. People tend to have their windows fixed by a trained professional from a reputable company rather than an amateur laborer.
Should you start an independent business or consider franchising opportunities?
Starting an independent business is like doing something important without a head start. While it is not impossible or that you have no chance of success, the smartest thing is to use an existing method for success.
An independent start-up has many chances of failure, while a franchise business has chances of success. Starting an independent business will also require you to build brand recognition from scratch, but when you are using an already established business and brand like Window Medics, you don’t have to worry about people choosing different services over yours. Having a brand name as support will also help you acquire immediate loans from banks or financial institutions for your business.
Buying a glass repair business for sale, like Window Medics, will help you with various benefits like:
· Training on how to install and clean, no prior experience or knowledge needed.
· On-going support at your disposal.
· Marketing support and materials
It is important to note that franchising is not all gold and glitters, as it has some disadvantages. But considering the benefits it provides, you can easily opt for buying a glass repair business for sale than starting an independent business.
Without strong competition around you, the window glass business can be your solution for a stable and successful financial future and can be considered a valuable pursuit.