Why Franchise Investors Are Raving About the Spray Foam Industry!
These days, it seems like everyone is looking for a new business venture. And with good reason! Investing in a franchise can be a great way to build long-term wealth. But with so many options out there, it can be tough to know where to put your money. That's why today, we're going to take a closer look at the spray foam industry and why franchise investors are putting their money into this booming business!
The Spray Foam Insulation Market is Booming!
One of the main reasons why franchise investors are flocking to the spray foam industry is because the market for spray foam insulation is absolutely booming! In fact, according to a report from MarketsandMarkets, the global spray foam insulation market is expected to grow from $6.81 billion in 2019 to $9.78 billion by 2024—a compound annual growth rate of 7.4%!
This increase in demand is being driven by several factors, including the growing need for energy-efficient buildings, stringent government regulations around climate change, and the rising cost of traditional insulation materials like fiberglass and cellulose. When you add it all up, it's no wonder that investors are eager to get in on this rapidly expanding market!
Spray Foam Insulation Is an Investment in the Future
Another reason why franchise investors love the spray foam industry is because they see it as an investment in the future. As we mentioned before, one of the main drivers of growth in the spray foam market is the increasing focus on energy-efficient buildings. This trend isn't going anywhere anytime soon—in fact, it's only going to become more important in the years to come as we look for ways to combat climate change. By investing in a spray foam franchise, you're not just getting in on a hot industry today—you're positioning yourself for continued success tomorrow too!
There's Never Been a Better Time to Invest in a Spray Foam Franchise!
If you've been thinking about investing in a franchise but haven't been sure where to put your money, we hope this has helped give you some clarity. The spray foam industry is booming and shows no signs of slowing down anytime soon. So if you're looking for an opportunity that will put you on the path to long-term success, investing in a spray foam franchise just might be the perfect fit!
WHY?
Fragmented industry - with growing demand
iFOAM franchise average revenue 2020: $2,289,263/Average 2020 EBITDA: 33.25% according to their Item 19
SprayFoam Genie franchise net owner profit of $576,535 in 2021 according to their Item 19
Spray foam insulation is utilized in both New and Old (retro fit) buildings & homes
Save $5k on iFoam here
Save $10k on SprayFoam Genie here
Conclusion:
There's no question about it—the spray foam industry is on fire right now, and savvy investors are taking notice. If you're looking for a lucrative franchising opportunity, investing in spray foam should definitely be at the top of your list! Thanks for reading and we hope this has helped you make a decision about where to invest your hard-earned money.