The construction industry is one of the UK's largest sectors of trade; it's also one of the most reactive to economic recession. However, the construction industry is built of robust stuff (excuse the pun), and the sector bounces back with a vengeance each time; helping the country recover from economic strife.
Going it alone, however, can be treacherous for small construction companies. Which is why investing in a construction franchise makes so much sense.
Going it alone leaves you vulnerable to the inevitable fluctuations of economic growth; so why not consider a construction franchise as a more secure path to self-employment?
Construction and engineering are considered a vital component of economic recovery, so whether it's a recession or a global pandemic, joining forces with a construction franchise is a great way to help rebuild the economy with the backing of an experienced parent company.
Franchising
If you’re currently working for someone else but considering going into business for yourself, you’re probably weighing up the pros and cons of being your own boss.
Part of setting up your own company is about getting onto the supply chain and finding a price that works for your profit margins and your clients. Construction franchises have a ready-built supply chain, providing you with favourable rates and a healthy supply of all the tools and materials you''ll need to make your new business a success.
Another of the complications in working for oneself is the matter of compliance. There are countless employment requirements and building regulations to adhere to (not to mention the tax and pension stuff), and making sure that you're fully compliant with everything is a real headache. When you take on a construction franchise, they'll support you every step of the way with a ready-to-go infrastructure which means that you can get on with the creative bit, knowing that you comply with all the boring stuff.
Franchising provides a recognisable name for your business - giving incentive and curb-appeal if you have premises. When people are investing money in buildings, they want the reassurance that your company has a reputation for excellence: hit the ground running with familiar branding that gives them the confidence that you're the right people for the job.
Facts About Construction FranchisesThe construction industry encompasses a colossal range of trades and skills - from tradespeople and contractors to professional services. There's plenty of scope to build up a business with the ongoing support of your parent company.
The entire construction sector contributed £117 billion to the UK economy in 2019, employing over 2.4 million people - that’s 7% of the UK working population.
There were almost 326,000 British construction firms in operation in 2018 - 259 of those employed over 300 people, with numbers predicted to rise by 2023.
Construction franchises offer specialisms for specific tradespeople - some work solely in commercial buildings (offices, shops, public buildings); others build homes and dwellings; others specialise in repairs.
Regardless of your specific niche, there’s a construction franchise that can help you maximise the potential of your particular talents.
Franchising Vs Independent
Franchising is the common-sense way to go into business - offering a range of benefits, including administrative support and training.
In addition, banks and moneylenders tend to favour franchise businesses because the company is built on proven infrastructure with a history of sustainable growth, turnover, and profit.
Independent companies, on the other hand, are much more vulnerable to fluctuations in the economy, affecting their ability to work and complete their projects. In fact, up to 60% of new businesses go bust within the first three years as they struggle to establish themselves in a saturated marketplace.
Franchises are built on robust foundations. The parent company has already proven its financial worth; evidencing the market need for their particular services.
If you're considering going into business for yourself, look no further than our excellent selection of construction franchises.
Construction Franchises
Explore our range of profitable construction franchises, and build yourself a niche in the market today.
Find your brand new start with Franchise Direct.