Industry Analysis & Industry Trends
Household appliance and garden equipment repairs exhibit a moderate degree of volatility over the years, because the industry is influenced by new product offerings as much as it is by macroeconomic variables like household disposable income. As such, year-on-year revenue changes in the past five years have varied from growth of 3.4% in 2010-11 to a fall of 2.6% in 2009-10. Typically, the industry remains largely static, with revenue expected to decline by just 0.2% per annum over the five years through 2012-13. The industry is expected to generate revenue of £476.5 million in 2012-13, a fall of 1.0% on the previous year as the trend towards replacement over repair continues to limit growth for operators... purchase to read more
Industry Report - Starting a New Business Chapter
While the industry is lightly regulated, has no particular tax burden and is not dominated by large, competitive companies, there remain barriers to any new entrants. Primarily, the need to access specialised equipment and skilled staff while offering services at competitive prices is the critical challenge. Many workers with the appropriate skills already work with the manufacturers of appliances or gardening equipment, and will not easily be wooed to working for an entrant to a small industry such as this. Savings on equipment can be made by renting appropriate capital when required, but this simply increases a company's variable costs and exposes it to profit volatility.
That said, there is significant scope for appropriately specialised roles to find a profitable niche... purchase to read more