Franchise Spotlight: Construction
The construction sector is a huge industry, with analysis predicting a bright future for franchise brands.
Construction franchises are ideal for anyone interested in home renovation or the property sector. Construction franchises cover everything from remodeling, landscaping and renovation, to the more niche areas of improving and repairing a property such as; bathroom and kitchen instillation, plumbing, flooring, gutter repair and more. It is a long-established industry in the US and one that will always be in demand.
Construction industry analysis
Population and business growth sees a continued increase in demand for businesses and experts in this sector. Customers expect competitive prices, efficiency, quality workmanship and excellent customer service. One of the many benefits of a franchise is the training, wealth of experience and support on offer. Furthermore, reputation is key in this sector, so franchisees can really reap the benefits of a brand name and reputation that’s been cultivated over time.
Assess the needs and demographic in your area, as well as the existing services on offer. Identifying a gap in the market will really boost your chances of success. The cost of obtaining and setting up a franchise varies from brand to brand, so do your research to ensure you get the right one for you.
Analysis shows a slight fall in 2020 industry revenue in some areas of this sector, as lockdown made it harder for construction workers to access people’s homes. Despite this dip, this is a historically stable industry and one with a bright future ahead of it, as there will always be a demand for quality construction services.