The landscaping industry provides various lawn, garden, and overall landscape maintenance and beautification services to private residences. These include, but are not limited to planting trees, shrubs, flowers; lawn-mowing; fertilization; and the installation of walkways, decks, fences, ponds, and similar structures. Landscaping services offered to large-scale commercial clients, such as hospitals or schools belong to the landscape design rather than the landscaping services industry. While there are no businesses with more than a 5% share of the industry, some major players include BrightView Landscapes LLC and TruGreen Inc.
The demand for online home services has been increasing, contributing to the growth of the industry. For this reason, companies within the Home Services industry are focusing on technology to improve customer service and adapt to the rise in the adoption of smartphones. Smartphone technology can be used to influence consumers’ buying decisions, their strategies, business activities, and lifestyle. Moving towards technology, investing in cybersecurity, and managing multiple client communication channels are extremely important factors to guarantee customer satisfaction.
The Paid-in-Full Rate is when the SBA loan is fully paid off by the small business owner including interest, indicating financial strength.
The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off by the small business owner.
For every 11 SBA loans fully paid including interest, 1 SBA loan was unable to be paid back, or defaulted.
-SBA Loan Data from 2010-2019
-Non-Franchise Businesses taken into account: 8,966
In the past five years, industry growth averaged 3.3% thanks to an increase in the number of homeowners and an aging population who rely on outside services for homecare. Furthermore, longer work hours combined with lower unemployment means that homeowners have less time to do small landscaping projects on their own. While the COVID-19 pandemic has caused a significant decline in revenue for the landscaping services industry, the industry is expected to rebound in 2021 as the pandemic begins to subside and the economy begins to recover. However, forecasts of a potentially slow and delayed economic recovery could cut into future profits of the landscaping industry.
Average Profit Margin: 8.7%
Revenue per employee: $66,100
Average Number of Employees: 4.0
Average Wages per Employee: $22,053
Rent & Other Utilities: 18.5%
Average Home Services Franchise Industry Percentage Fees
Standard Home Services Franchise Industry Investment
This metric is the standard industry investment amount for a single unit franchise investment in this industry. Our research and analytics team analyzed over 116 franchise concept investment breakdowns in order to calculate this figure.
The Paid-in-Full Rate is when the SBA loan is fully paid off by the franchisee including interest, indicating financial strength.
The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off by the franchisee.
For every 11 SBA franchise loans fully paid including interest, 1 SBA loan was unable to be paid back, or defaulted.
-SBA Loan Data from 2010-2019
-Franchise Businesses taken into account: 401
Learn more about the Home Services Industry
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