10+ Best & Profitable Carpentry Business Ideas [2023]

Author: Nick C headshot
Founder & CEO, Newfoundrz
Passionate about helping small businesses establish LLCs
Updated on:
August 7, 2023
Image of carpentry business ideas

Hey there, future carpentry mogul! You're here because you're looking at 2023 with a twinkle in your eye and a hammer in your hand, aren't you? You've got the passion, the skills, and the drive to nail down a profitable venture in the coming year. But you're not just any craftsman, you're an entrepreneur at heart, right? And you're looking for the perfect idea to turn your love for woodworking into a thriving business. Well, guess what? You're in the right place!

We've put together a list of over 10 of the best and most profitable carpentry business ideas for 2023. And we're not just throwing random ideas at you. We've done our homework, analyzed the market, and handpicked these ideas based on their profitability, demand, and your passion for the craft.

So, whether you're a seasoned carpenter looking to branch out on your own, or a hobbyist ready to turn your passion into profit, we've got something for you. Ready to dive in? Let's get started and uncover the perfect carpentry business idea that will make 2023 your year of success!

Disclaimer: This Business Ideas Content ("Content") is provided solely for informational and educational purposes and does not constitute professional, legal, or financial advice. The ideas and information presented in this Content are general in nature and are not intended to serve as a comprehensive guide or specific recommendation for any individual business or entrepreneurial endeavor.

Our 10+ Best Carpentry Business Examples:

1. Furniture making.

Have you ever considered starting your own furniture making business? It may just be the perfect venture for you. Here's why:

  • High demand: Everyone needs furniture in their home or office, making it a consistently in-demand industry.
  • Customization: Customers love having the ability to personalize their furniture to their specific needs and tastes, allowing for endless creativity.
  • Passion-driven: Many furniture makers derive great satisfaction from seeing their own designs come to life and the craftsmanship that goes into each piece.
  • Profit margins: With the ability to create unique and high-quality pieces, a furniture making business can offer higher profit margins than mass-produced furniture stores.
  • Sustainability: As consumers become more environmentally conscious, there is a growing demand for sustainable and locally sourced furniture, providing an opportunity for niche businesses.

But before taking the plunge, it's important to remember that starting a successful furniture making business requires careful planning and management. This includes having a solid business plan, understanding the market and competition, sourcing materials, and ensuring high-quality workmanship. However, with the right approach and dedication, a furniture making business has the potential to be both rewarding and profitable.

2. Custom woodworking.

Custom woodworking is the practice of creating unique, one-of-a-kind pieces of furniture or other wooden items that are tailored to the specific needs and desires of the client. This type of woodworking requires a high level of skill and craftsmanship, as well as a deep understanding of the properties of different types of wood and how they can be manipulated to create the desired effects.

  • Custom woodworking can make a good business idea for several reasons:
  • The demand for handcrafted, custom-made items is on the rise, as people seek out unique and personalized pieces for their homes and businesses.
  • There is a growing appreciation for the quality and artistry of handmade items, and customers are willing to pay a premium for the craftsmanship and attention to detail that custom woodworking offers.
  • Custom woodworking businesses can cater to a wide range of clients, from homeowners looking for a unique piece of furniture to high-end restaurants and hotels in need of custom-designed fixtures and furnishings.
  • With the right marketing and branding strategies, a custom woodworking business can establish a strong reputation and attract a loyal customer base.
  • Custom woodworking is also a versatile business idea that can be adapted to fit different niches and specialties, such as creating handcrafted toys, puzzles, or other wooden items.

3. Cabinet making.

Cabinet making is the art of crafting beautiful, functional cabinets that are tailored to meet the needs of a specific space. It is a specialized skill that requires a keen eye for design, knowledge of various materials, and a deep understanding of woodworking techniques. Here's why it would make a great business idea:

  • Cabinets are a staple feature in homes, offices, and businesses, making it a lucrative market to tap into.
  • Cabinet making allows for custom designs that cater to individual tastes and preferences, giving your business a unique selling proposition.
  • With an increasing demand for eco-friendly and sustainable solutions, you could use locally sourced material, which will also reduce the carbon footprint.
  • You can start small by creating and selling cabinets from your garage, and as the business grows, you can expand and add other services like furniture, kitchen remodeling, or even a showroom to display your work.

4. Decking and fencing installation.

Decking and fencing installation is an essential aspect of building just about any outdoor space. It's the art of constructing a non-roofed platform and erecting a barrier around an area in a manner that is practical and aesthetically pleasing. Essentially, decking and fencing are borders around open spaces, and once set up correctly, they can be used in a variety of ways.

What does installing decking and fencing entail?

  • Designing the layout
  • Measuring the area
  • Choosing the materials that best suit the client's taste and budget.
  • Customizing the decking and fencing depending on the layout and design requirements.

What makes it a good business idea?

  • It's a growing industry, and the market for decking and fencing continues to expand, providing endless opportunities for new businesses.
  • There is a constant demand for outdoor living spaces and a willingness for homeowners to invest in these areas, making it an ideal business for entrepreneurs seeking long-term sustainability.
  • The profit margins can be quite substantial. Once you've established a good reputation and solidify relationships with suppliers and consumers, you can expect to make a decent return on your investment.
  • You get to work outdoors in a physically rewarding job that also allows you to express your creativity while working with different materials to create beautiful and functional outdoor environments.

In conclusion, decking and fencing installation is a growing industry with the potential for significant profitability. Entrepreneurs looking for a stable business idea that combines creativity and skilled tradesmanship may want to consider starting a decking and fencing installation business.

5. Window and door installation.

Window and door installation is a critical task in construction and home improvement projects. This business idea offers an excellent opportunity for entrepreneurs to start or expand their companies. In this article, we'll discuss what window and door installation entails and why it's an excellent business opportunity.

  • Window and door installation involve fitting or replacing windows and doors in residential, commercial, and institutional structures to enhance their functionality, security, and aesthetic appeal.
  • The process of installing windows and doors involves measuring the openings, selecting and customizing the products, preparing the openings for installation, installing the frames, sashes, glass, and hardware, and testing the installations for leaks, drafts, and proper functioning.
  • The benefits of window and door installation business include:
  • High demand: There is always a need for window and door installations in new construction projects, remodeling, and replacement projects.
  • Steady growth: The construction industry is growing, and there are always opportunities for window and door installation service providers as buildings are erected and renovated.
  • Scalability: You can start the business small and grow it gradually as you gain more skills, staff, and equipment.
  • High-profit margins: Since the cost of materials is relatively low, window and door installation business offers high-profit margins, especially if you do not outsource most of the work.
  • Repeat business: Once you establish a good reputation, your clients may come back to you for repeat business or refer their friends and family to you.

In conclusion, window and door installation is a great business idea that has a steady demand and offers excellent profit margins. With adequate skills, proper planning, and the right marketing strategies, you can build a thriving business that meets the needs of the construction industry.

6. Flooring installation.

Are you considering starting a new business venture? Have you thought about a flooring installation business? This type of business can be quite lucrative and in high demand. If you love working with your hands, enjoy being creative, and have an eye for detail, flooring installation just might be your calling.

  • What is flooring installation exactly?
  • It is the process of installing, refitting, or repairing floors in both residential and commercial spaces.
  • This process typically involves preparing the subfloor, measuring and cutting the flooring, and installing it according to manufacturer specifications.
  • Why would it make a good business idea?
  • High demand: Flooring installation is always in demand. People are looking to update the look of their homes, offices, and other spaces, and new homes and commercial buildings are constantly being built.
  • Good earning potential: According to HomeAdvisor, the average cost of flooring installation is around $2,887. This means you have the potential to make a good income if you market your business well and provide quality work.
  • Low startup costs: Unlike other businesses, starting a flooring installation business is relatively low in cost. With just a few tools and supplies, you can get started on this venture.
  • Freedom to be your own boss: Being your own boss is a big selling point for many entrepreneurs. When you run your own flooring installation business, you get to set your own schedule and work at your own pace.
  • What skills are needed for a flooring installation business?
  • Attention to detail: Being able to measure, cut, and install flooring with precision is a must.
  • Physical strength and stamina: This type of work can be physically demanding, so you will need to have the stamina to work on your feet for long hours and be able to lift and carry heavy materials.
  • Knowledge of materials and tools: To be successful, you will need to have a good understanding of the different types of flooring materials available and the tools needed for installation.

7. Renovation and remodeling.

Renovation and remodeling are two terms that are often used interchangeably. However, there are subtle differences between the two.

  • Renovation involves the restoration of a structure to its original, functional state. Renovation projects are typically limited in scope and often involve cosmetic enhancements, such as painting or updating fixtures or appliances.
  • Remodeling, on the other hand, involves changing the functional layout or design of a space. Remodeling projects are typically more extensive and involve structural changes, such as moving walls or rerouting plumbing or electrical systems.

The renovation and remodeling industry is a lucrative business idea for several reasons.

  • Homeowners are always looking to update and improve their living spaces, which creates a high demand for renovation and remodeling services.
  • Renovation and remodeling projects can provide a high return on investment for homeowners, making it a worthwhile investment to enhance their property value.
  • The industry is diverse, with a wide range of projects and services available, allowing for niche specialization and differentiation from competitors.
  • Advancements in technology and materials are constantly improving the quality and efficiency of renovation and remodeling projects, making it an exciting and innovative industry to be a part of.

8. Home staging services.

If you're looking for a business idea that's in high demand these days, you might want to consider starting a home staging service. In case you're not familiar with what home staging is, it's a process in which a professional works with homeowners or real estate agents to prepare a home for sale by making it look its best. This can involve decluttering, rearranging furniture, adding or removing decorative items, and even making minor repairs or upgrades.

So why would this make a good business idea? Here are a few reasons:

  • High demand: With the real estate market booming, there's plenty of demand for home staging services from both homeowners and agents looking to sell properties quickly and at a higher price point.
  • Low start-up costs: If you already have an eye for design and a few basic pieces of furniture and decor, you can start a home staging business with relatively low start-up costs.
  • Flexible schedule: As a home stager, you can set your own schedule and choose which clients to work with. This makes it a great option for people who want to work from home or have other commitments.
  • Potential for growth: As you build up your reputation and client base, you can expand your business by hiring additional stagers, offering more services, or even franchising your brand.

Overall, starting a home staging business can be a lucrative and rewarding career path for anyone with a passion for design and a desire to help people sell their homes quickly and at a higher price. If you're interested in learning more about starting a home staging business, there are plenty of resources available online to help you get started.

9. Carpentry instruction.

Are you a carpenter who is passionate about teaching others your skills? Or are you someone who wants to learn the craft of carpentry? A carpentry instruction business might just be the perfect idea for you!

  • What is a Carpentry Instruction Business?
  • A carpentry instruction business involves providing courses or workshops on carpentry to individuals, businesses or even schools.
  • These courses may include modules on the basics of carpentry such as measurements, sawing techniques, or more advanced levels such as cabinetry, joinery or furniture making.
  • Why is it a Good Business Idea?
  • Carpentry instruction is a skill that can be taught almost anywhere and to anyone. The demand for skilled craftsmen is growing globally and that's where you come in.
  • There is a wide range of potential students including DIY hobbyists, homeowners, architects or contractors just to name a few.
  • You can start this business on a low budget and expand as it grows. Since no investment in inventory and equipment is required, the cost is primarily dedicated to creating a good learning environment with a proper space for hands-on training.
  • The business can be very profitable, and with the use of social media and online advertising, a Carpentry Instruction Business can reach a wider audience beyond the local area.
  • What are some challenges?
  • The only challenge that you may face when starting a carpentry instruction business is finding a suitable space for the workshop. However, it can also be solved through renting or partnering with local woodworking schools or community centers.

10. Antique restoration.

Antique restoration is the process of repairing and revitalizing old, damaged or worn out furniture and other valuable antiques. It involves cleaning, re-polishing, and sometimes re-finishing the items to restore them to their original condition. Antique restoration has become an increasingly popular business in recent years due to the high demand for authentic and valuable antiques.

  • One reason why antique restoration would make a good business idea is that there is a growing market for antique furniture and other antiques. Many people are interested in owning unique, high-quality pieces of history that have a nostalgic appeal.
  • Another reason is that antique restoration can be a profitable business. In some cases, antique furniture and other antiques can be worth thousands or even millions of dollars, so restoring them can be a lucrative business venture.
  • Antique restoration can also be a fulfilling business. It requires skill and creativity to restore antiques to their former glory, and many people find it rewarding to see the transformation of an old, worn-out piece of furniture into a beautiful work of art.
  • There is also a sense of environmental responsibility that comes with restoring antiques. Instead of throwing away old furniture and other antiques, antique restoration allows these items to be reused and repurposed for generations to come.

Successful Examples of Carpentry Businesses:

Successful companies in the carpentry business industry offer reliable services that focus on quality craftsmanship. The following list includes some of the leading carpentry businesses in the industry:

  • Interior Exterior Solutions, LLC
  • Brian Smith Custom Carpentry
  • Carpentry World, Inc.
  • Edwards & Son Carpentry
  • Abbey Aston Carpentry
  • Carpentry Specialists LLC
  • Jim's Woodworks, Inc.
  • Austin's Custom Carpentry
  • Thomas & Son Carpentry Services
  • Thompson's Woodworks and More

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Founder and CEO

I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.