Thriving brand posts 29 percent increase in total revenue year-to-date, celebrates biggest month in June.
Showhomes, the almost 30-year-old leader in home staging, enters Q3 with confidence after achieving an all-time high in total revenue for the first half of 2015. The franchise reported a 29 percent year-over-year increase in overall revenue.
The brand experienced outstanding results at the onset of Q2 with a 26 percent year-on-year increase in total revenues in April, which established a momentum of growth that carried into May, where the company reported a 24 percent increase in total revenues. Showhomes wrapped up the quarter by celebrating its strongest month in company history in June with a 41 percent increase.
The Q2 results came on the heels of an outstanding Q1, where the national franchise reported a 28 percent increase in revenue year-on-year.
“We are reaching heights never seen before in our almost 30-year history thanks to our new revenue streams and passionate franchisees,” said Matt Kelton, COO of Showhomes. “We started out the year strong and I look forward to keeping this momentum going through the end of 2015. As we continue to establish ourselves as a leader in the home staging and home updating industry, I have no doubt that our results will continue to grow.”
Showhomes’ diverse revenue streams funneled from its Home Updating services and Home Manager program have helped grow revenue to record levels. Eyeing its 100th location by the end of 2015, Showhomes’ development team will focus efforts on expanding in top growth markets this year, including Southern California, the Pacific Northwest and the Northeastern region of the U.S.
Last year the brand was named one of the top 50 low-cost franchise opportunities in the U.S. by Franchise Business Review, a publication that highlights the top opportunities in the marketplace based solely on assessments from actual franchise owners. The publication, which compiled data by surveying 10,000 franchisees representing more than 135 brands, listed Showhomes based on the system’s leadership, training, support and financial outlook.
“With a combination of a low-cost investment and a business model boasting multiple revenue streams, I’m confident in our brand’s ability to continue expanding in number of units and in revenue,” said Kelton. “Moving forward, we will focus our expansion plans in areas with strong availability and continue to add talented business owners to our wildly successful and growing concept.”