The
driving force behind new business for plumbing contractors.
Launching any new business can
cause heart rates to rise, but a new venture during a recession can put most
entrepreneurs over the edge. Despite the economic turmoil in today’s
marketplace,James Pierce, president and CEO of
the new franchise1-800-PLUMBER, says there is a silver lining for the
plumbing, heating and cooling industry.
“When
the housing market was in full swing, most plumbing, heating and cooling
contractors were fully employed in the new construction business,” he said.
“With the plunge of home sales, homeowners are now focused on maintaining or
remodeling their existing plumbing, heating and cooling systems for longevity
and cost-efficiency.”
New construction sales are down
41.1 percent, according to a U.S. Census Bureau report, which undoubtedly
affects local contractors. But Pierce anticipates the residential side will be
much more resilient than either the commercial or new construction sectors.
1-800-PLUMBER’s
franchise partners will be focusing much of their efforts on residential repair
and replacement. The maintenance of drains and water systems along with
replacement of inefficient HVAC systems will be some of the driving forces
behind business.
“Homeowners are watching
their pennies,” said Pierce. “With proper maintenance, they can prolong the
life of their mechanical systems and that’s where we can help.”
Pierce
also believes the economy will encourage more contractors to look into
franchising options. Franchises that offer a sound business structure allow
contractors to focus on what they do best - installing, repairing and replacing
plumbing and heating systems.
Residential Repair & Replacement: Bright Spot In A Down Economy
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