There’s been a boom in commercial renovation businesses over the past few years, but few are as popular as a van renovation, which is a new trend in Australia.
Commercial renovation services include installing and maintaining custom-built vehicles to help businesses boost their sales and profitability.
They also help businesses make money by improving the aesthetics of their buildings, while saving time and money on building and maintenance.
The average cost of commercial renovation is around $4,500, but this business can go up to $40,000, with some vans being as cheap as $10,000.
The biggest benefit of commercial renovations is they give businesses an added advantage, because they can hire extra staff, hire contractors and hire specialist contractors.
“It’s very easy for them to hire a specialist to help with their van, or to help you get the right van,” says commercial renovator Tom Taylor, from a business called Commercial Renovation Australia.
“They can hire a crane, hire a paint shop, they can also hire someone to do all the work.”
“So that means they’re not getting the best van in the market, but they’re getting the most value out of it.”
For Mr Taylor, who has been renovating for more than 30 years, the cost of doing business is up about 25 per cent since the recession, but there’s been an uptick in demand for commercial renovation services, which are growing at an impressive rate.
“I think what’s happening now is people are very desperate to do commercial renovation,” he says.
“The industry has gone through some tough times over the last few years.
The economic downturn was quite bad, but it’s come through now and I think it’s really a boom for the industry.”
Commercial renovation business boom in the states of WA, Queensland and New South Wales Source: Supplied Commercial Renovation Australia is now the second-largest commercial renovation business in Australia, behind the big three commercial renovators: Mr Taylor.
“That’s because it’s just a matter of supply and demand,” he said.
“People are looking for that extra edge, that extra bang for their buck, and commercial renovating services offer that extra.”
Commercial renovation is a great opportunity for a company to grow, especially if they’re looking to invest in a new building or to get new customers.
But the real value comes when you’re in the business of commercial renovations, Mr Taylor says. “
You can apply online now, and you can pay a fixed fee, or a sliding scale,” Mr Taylor said.
But the real value comes when you’re in the business of commercial renovations, Mr Taylor says.
In the past, people would get an initial investment in a van and then, depending on the project they were doing, they could have to pay between $10 and $50,000 in fees.
“If you’re going to be doing commercial renovation work, you’re doing it for yourself and you need to get out of that financial environment, and that’s when commercial renovation really becomes attractive,” he explained.
“So when you have people looking for a van, you’ve got to have people willing to do the work for you, because the bigger your business, the more money you’ll make.”
For now, Mr Williams is still waiting for his first commercial renovation to happen, but he’s been making good progress on his business plan, which he hopes will become a bigger success in the future.