Are Plumbing Franchises Profitable?
Plumbers are in Demand
No matter the economic circumstances, some things remain true in that pipes will burst, faucets will leak, and drains will clog, only confirming that plumbers will remain in high demand during these times. It’s important for homeowners to have a skilled local plumber they can trust in their time of need. That’s why, time and again, plumbing franchises have not only withstood, but also thrived in times of economic uncertainty.
According to IBIS World, for instance, the plumbing industry was only temporarily impacted by the COVID-19 pandemic, mainly at the height of shutdowns. Almost immediately, however, the industry rebounded as a result of strong residential construction growth and a resurgence in commercial construction. As a result, it’s expected the $124 billion plumbing industry will continue to accelerate over the next five years.
However, there remains an alarming shortage of plumbers to meet this demand. According to the National Association of Home Builders, at present, there’s a 55% shortage of plumbers available for work, while at the same time, job growth is expected to climb 14% over the next decade. That’s why so many aspiring entrepreneurs are looking to invest in the plumbing industry. Plumbing franchises like Z PLUMBERZ offer exceptional earning potential and provide rewarding careers.
Plumbing Franchises Offer Lucrative Opportunities
Franchising has proven to be one of the most successful and revolutionary business models in history, providing a blueprint for success for franchise owners that can be replicated across the country. It’s why there are more than 750,000 franchises in the U.S. alone, found on nearly every street corner. Plumbing franchises, too, have emerged as one of the most lucrative opportunities in the franchising world.
According to a Better Business Bureau study, in the last five years, the U.S. plumbing market grew at a rate around 2.5% a year. Now, the plumbing industry is the fifth-largest construction category in the U.S. at $124 billion in total market value. “Traditional plumbing services growth is pretty simple,” BBB reported. “The more structures built, renovated and maintained, the more opportunities there are to sell services.”
That’s not to say the plumbing industry carries on without its challenges. Indeed, global supply chain disruption and rising interest rates all present unique obstacles. However, the BBB said plumbing franchises are far more equipped to withstand these types of issues. “Franchises can use their market influence in other parts of the business to manage operating volatility: developer partnerships, supplier agreements, and market spend are just a few areas of profit-control,” the BBB said. “Smaller plumbing businesses, however, especially independent operators, may struggle to handle these increased rates, as more expensive loans mean trade-offs in other business expenses that reduce market exposure and competitiveness, like advertising online, which is critical to hyper-local industries that compete with big, visible brands.”
Why Z PLUMBERZ is the Franchise for You
Investing in an industry that’s booming, with a franchise with a proven business model, is definitely worth considering. Z PLUMBERZ is an emerging plumbing franchise that has become the trusted name for homeowners in need of an expert, full-service plumbing company.
Z PLUMBERZ was designed with profit potential top of mind, both for existing plumbing contractors looking to convert, as well as entrepreneurs interested in starting a new franchise. At Z PLUMBERZ, our business strategies are backed by licensed plumbers with decades of experience in the industry. Z PLUMBERZ owners are able to focus on running their business and making a profit, instead of spending valuable time and resources to figure out an effective local business strategy.
Support and Training
From the start, Z PLUMBERZ franchise owners are provided all the tools and resources necessary to run a plumbing business and become profitable. Our comprehensive training program begins at our state-of-the-art facility in Ann Arbor, Michigan. As a franchise owner, you’re backed by BELFOR Franchise Group, the world’s largest residential and commercial services franchisor. The support team at BELFOR Franchise Group ensures that every franchisee is set up for success with world-class training, ongoing operational support, and the resources to help their business flourish.
Low Start-Up Costs
One of the major obstacles for aspiring entrepreneurs realizing their dreams of business ownership are the upfront start-up costs required for most business ventures. At Z PLUMBERZ, we do our best to limit that barrier by keeping start-up costs low and profit potential high.
“The opportunity is unlimited,” says Matt O’Rourke, Brand President of Z PLUMBERZ. “Every single homeowner is a potential client. We have the tools to quickly and effectively train those who know nothing about plumbing, drains, or sewers. We have a career path to be able to retain employees for the long term. With our “keep it simple” approach, centralized call center, training regimens, and the different services we offer, we are truly a full-service retail plumbing company.”
Join the Z PLUMBERZ Franchise Family Today!
If you’re ready to make a name for yourself in the booming plumbing industry with a franchise that has a proven track record of growth, simply fill out a form to request more information or visit our research pages here.