LA CROSSE, WI--(Marketwire - Oct 16, 2012) - The recent recession took a toll on pocketbooks and zapped small business bank lending, but it didn't diminish America's entrepreneurial spirit.
About 9.5 million Americans are self-employed according to the Bureau of Labor Statistics, and the non-profit Kauffman Foundation reported last year that the startup rate is at its highest level in 15 years.
So how are people getting started? By embracing low-investment opportunities offered by home-based franchises like Kitchen Solvers.
When most people think of franchising, they think of gigantic brands like McDonald's that cost $1 million or more to open. But you don't need to be sitting on a fat wad of cash to start a successful franchise business.
Kitchen Solvers, for instance, has start-up costs as low as $52,535 for a home-based operation, and that includes all of your training, business software, initial supplies and franchise fees. Thanks to financing, many franchise owners are able to start a Kitchen Solvers business with as little as $30,000 cash on hand.
Why the timing is perfect for kitchen cabinet refacing
Kitchen Solvers is a kitchen remodeling business that specializes in cabinet refacing -- a process that saves customers money by refinishing old cabinets and replacing only worn-out or outdated components. The end result looks every bit as good as a full remodel, but usually costs a fraction of the price.
That's a message that resonates in the aftermath of the Great Recession, which has convinced Americans to put a greater emphasis on value, even as they tackle remodeling projects in growing numbers.
The Joint Center for Housing Studies at Harvard University projects remodeling activity to increase by 5.9 percent through 2012 and reach a 12.2 percent growth rate by early 2013.
Several trends are causing the boom: Homeowners are finally tackling projects they delayed during the recession; buyers who snap up foreclosures are setting aside money for immediate remodeling needs; and Baby Boomers are reaching retirement age.
To learn more about the growth of the remodeling industry, learn more about Kitchen Solvers and read interviews with our franchise owners, visit www.KitchenSolversFranchise.com.