Choosing the right construction franchise to work with can be one of the biggest steps to take on your franchising road. There are a wide range of different options, so if you’re interested in choosing the right franchise for you, here’s some key advice for you.
The construction industry was hit hard by the pandemic. With home improvement and construction franchises unable to work for several months, production output fell in 2020. However, as the economy begins to return to normal and as major investments projects boost production once again, the construction industry is set to see big growth in 2021 [Statista].
So with exciting growth being forecast, how can you choose the right construction franchise for you? In such a wide and varied sector, here are some key tips for choosing the right franchise.
1. House building
As the construction industry has rebounded with the lifting of restrictions, the house building sector has grown faster than other construction and home improvement sectors [FT]. Fuelled by pent-up demand and the stamp duty holiday on all property purchases, home building franchises have seen a dramatic increase in their business.
Even before the pandemic, the home construction sector was a very important sector to the UK economy, on its own, contributing to over 6% of the country’s GDP. So, if working in the home construction industry sounds like the perfect opportunity for you, you can be sure that you’ll be a part of a busy and profitable sector.
Choosing the right house building franchise
There are lots of big franchises operating in the construction and home improvement sector. But each will have their own area of specialism and ways of working, so you will need to do your research to decide which franchise is the right one for you.
When you’re doing your research into home construction franchises, you should highlight the following key information and ask yourself whether it sounds like the right option for you.
- What are the minimum investments and ongoing fees to working with this franchise? Could you afford them?
- How much support is on offer? Will there be ongoing training?
- Is there room for future growth?
- How has the franchise responded to the pandemic? Is it adapting to new ways of working?
Based on your answers to these questions, you should have a better idea of which franchises are a better fit for you and which ones aren’t.
2. Home improvement
Closely related to the home construction sector is the home improvement sector. Whereas home construction deals mainly with the creation of new homes from scratch, home improvement franchises deal with maintaining, updating, and installing additional parts to an existing build.
With all of us spending so much more time at home, many of us have decided that the time has come to make improvements around the house. Whether people have decided to improve their driveways, drainage systems, or even their gardens, there are many franchises to choose from if you want to work in home improvement.
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Choosing the right home improvement franchise
If home improvement sounds like the ideal sector for you to be working in, you’re spoilt for choice.
Dealing with hard surface repairs, Snag Doctor are the preferred suppliers to many of the UK’s biggest home construction businesses. Following a total investment of £19,950, you will be a part of a franchise that provides exceptional training and support, has very good customer retention rates, and is committed to reducing its carbon footprint. After one year, your anticipated earnings could be in excess of £50,000, so if you’re looking for a profitable opportunity, Snag Doctor could be for you.
Or, you could choose to be a franchise with Approved Resin Driveways where you’ll be completely transforming pathways, driveways and patios quickly and easily. After a minimum investment of £8,000, you’ll have plenty of support and training to help get you started.
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3. Commercial construction
Away from the home construction and improvement sector, there is a sizable commercial sector in which a lot of major franchises play an active role. Commercial construction is a varied sector in itself though, and in much the same way the home construction and improvement sector can work with different clients, so too do commercial construction businesses have a range of unique selling points.
By working with commercial clients, you could be working on many of the most profitable opportunities in this sector. You may find yourself working on anything from corporate constructions, to optimising corporate solutions, so the choice is yours.
How to choose the right commercial construction franchise
As you’ll be working in a more corporate environment, it may be that you need to be a little more familiar with the commercial side of the construction industry. While you won’t need to have worked or have previous experience in commercial constructions, any skills you can bring to this role will be advantageous.
For example, if you have any of the following skills, you may be a perfect commercial franchisee:
- Commercial awareness
- Time management
- Team leadership
- A good understanding of working to commercial specifics
- Capable of recruiting an efficient team
One of the biggest benefits to working as a franchisee is the amount of additional training and support you’ll receive. And, as a franchisee in the construction industry, you can expect to receive plenty of industry-leading expertise. Even if you don’t have many of these skills initially, you’ll be given support to pick them up over time.
Become a franchisee in the profitable construction industry today
Becoming a franchisee in the construction industry can be a profitable decision. Not only will you be behind some life-changing construction projects that change people’s lives, you’ll also be making good profits. And all with the support of a franchisor.
If franchising sounds like the right thing for you, you can click on the pages of the pages of some of the franchises to see more about those opportunities. Or, for a full list of opportunities in other sectors, you can visit the UK franchise directory.
Elliott Fudge, Point Franchise ©