Old and damaged furniture are either discarded or sold at
a ridiculous amount. The price in some cases is discounted at a reduced price.
The leather contractor stands to gain lots of profit
repairing the damaged and defective furniture. There are two business templates
that define leather furniture repair business.
Start a furniture
repair business from scratch or refurbish used furniture. Refurbishing used
furniture is a very lucrative business because of the huge profit margin.
Increase
your Earnings
To maximize your earnings open a show room alongside your
refurbished business. Having a retail operation creates an avenue to sell your
furniture. To properly position your enterprises try to follow these rules
1. Produce
high quality workmanship consistent to major manufacturers in your country.
2. Set
appropriate pricing mechanism for customers
3. Carry
out the entire contract in your workshop to save cost and maximize profit
4. Do
effective and secure shipping to reduce mishaps in handling and shipping
Benefits
of Starting Your own Furniture Repair Business
Owning a refurbish business has lots of business
opportunities and benefits. The benefits point to huge earnings and
opportunities. Three benefits of running a refurbish business are high rates,
good profitability and lots of outside repair work.
The rates charged by professional companies are high in
comparison to other service providers. Upholstery contractors make lots of
money repairing old furniture for customers or their show room.
Another benefit to the contractor is low expenses and
over head. The high rates charged guarantees profitable margins.
How to start your refurbishing business
Learn
the Trade
You need to learn the trade because it is a technical
field. It involves carpentry knowledge and upholstery.
Gain valuable
knowledge by becoming an apprentice or a vocational institute. If you are not
interested in doing the work yourself hire carpenters and upholstery staff.
Finance
your Business
The amount of funding is moderately challenging. You can
start a furniture repair business with $40,000.
You need small bank loans or cooperative loans to effectively
position your company. A partnership agreement is another way to raise funding.
Other funding sources are core investor or equity sales
in your business. Try target saving and reach out to family and friends.
Register
your Company
Register your company and get appropriate licensing. Find
out what is obtainable in your country.
Find
a Good Location
You need two things for you office space. Find an office
in a busy area that has a workshop space behind. The workshop is where you do
all the refurbishing while the front store to sell the furniture.
This simple solution solves lots of transportation costs
and saves money and time. your store front should be attractive welcoming and
have a good interior design.
Equipment
The job entails two basic upholstery and carpentry work.
You need technical skills and the right tool to create amazing furniture.
To earn huge payouts your job need to meet professional
standards obtainable in the industry. Having proper knowledge on tools and how
to use them is the difference between a roadside carpenter and an establish
brand.
Minimum
Starting Tools
Professional furniture repairers and beginners use the
same basic upholstery tools. There are many diverse tools however narrow set your
sight on only tool you need.
Purchasing only essentials reduces wastage and undue
expenditure. The right tools save money and offer efficiency and value.
Here is a list of basic startup tool your need for your refurbishing
business.
Upholstery tack hammer
Regular hammer
Heavy duty scissors
Staple pin and staple remover
Flat sharpened screw driver
Pliers
Ripper
chisel
Curved needles
Electricity
carving knife
Screwdrivers
Webbing stretcher
Tape measure
Upholstery tack hammer
Regular hammer
Heavy duty scissors
Staple pin and staple remover
Flat sharpened screw driver
Pliers
Ripper
chisel
Curved needles
Electricity
carving knife
Screwdrivers
Webbing stretcher
Tape measure
Functions
of the Tools
The carved needles measures 4inh or 6inh and is used to
sew fabric together. The electric knife is used to cut foam while the tape
measure is for measuring.
Ripped chisel is effective in removing old fabric and you
need straight slotted screwdrivers. Other is straight claw to strip old leather
cover and sharp scissors to cut the fabric.
Power
Tool
You also need power tool to make your job easier. There
are a number of power tools you should consider.
Buy a metallic body heat gun, steamer to steam wrinkles
out of fabrics and air nozzle. The air nozzle is used as a blower to remove
dirt.
There are three types of upholstery staplers to consider.
They are the heavy duty hand stapler, air stapler, electric stapler.
You also need a saw, electric drill, foam saw, iron and
jig saw.
Machinery
You can buy an air compressor and band saw to cut special
shapes. Other machinery include foot sewing machine and press button.
Marketing
A good billboard in front of your store is a good idea.
Make your products visible by adding a display window to your store.
Place colored advertisement in national newspapers for a
wider reach. You might need a truck or bus to transport your furniture.
If you don’t have your own trucks hire cargo transporters
to carry your furniture. Distribute handbills to residents in your area
showcasing your products and services.
You can network with property developers and government
organization for supply contracts. Building a website targeted at your locality
and market base.