Is a Construction Franchise a Good Fit For Me?

When looking for the right franchise to join, finding one that’s something you’re suited for is important. There’s a variety of industries and markets in which to start your own business, but not all of them are alike. Some construction franchises focus on providing services, while others are focused on providing resources for construction. Different franchises also serve different markets, which vary in size and participation. Some businesspeople may be interested in a lucrative opportunity in construction, but is construction the best choice for you?

ONE INDUSTRY, MANY SEGMENTS

For those considering starting their own construction franchise, there’s a lot more to the industry than just nailing boards together. The construction industry has many different sectors in it, depending on the type of construction being performed, the materials being worked with, and the scale of the jobs you’re doing. It’s important to know which ones you’re best suited for.

The two primary sectors in the construction industry are contractors and hardware. Contractors are the businesses that do the actual construction work. The hardware sector, meanwhile, focuses on selling the parts and materials used for construction and home improvements. In both sectors, you find franchises that focus more on providing for commercial construction or residential construction.

Focusing on the contractor side of the industry, there are several different types of contracting businesses. Building, developing, and general contracting handles a lot of actual building construction, and includes both commercial and residential building, as well as remodeling, and land development. Heavy construction focuses on industrial-scale projects, often for government agencies. Elevated highway construction, heavy engineering and transmission line construction fall under this category. Finally, special trade contractors tend to do smaller scale jobs, but ones that require technical expertise. Electricians, plumbers, masons, and demolitionists are part of this category. Whichever segment you want to join, you want to be sure you understand the industry to effectively manage your franchise. This means either having existing experience in that industry or undergoing the necessary training, which may be technical in nature.

MARKET SIZE AND COMPETITION

Looking at both sides of the construction franchise industry, many of the contractor markets look quite large. Flooring installation, painting, homebuilding and remodeling have U.S. markets ranging from $27-$129 billion. However, these markets not only have bigger financial value, but they also have a lot of competition for newcomers. Market research shows the above-mentioned U.S. markets have 120,746 – 524,833 existing businesses in them as of 2022, meaning even with a good franchise, you’ll have a lot of work to do bringing in customers.

SERVE A MARKET IN NEED WITH PROSOURCE WHOLESALE

If you’re interested in starting a business to tap into the growing and profitable construction and home improvement industry, then a home improvement franchise may be your best investment. ProSource Wholesale is a franchise that has a unique and effective business model. Rather than trying to sell to the general public, we focus on supplying professional contractors with the materials they need for their home improvement and renovation projects. Our business model also uses a membership system to allow you to have a flexible schedule that doesn’t require regular business hours. Since you’re selling to professional contractors, you won’t be required to perform any complex, technical installations either. As a showroom owner, you’ll receive training, marketing support, technological support, and more. As part of the hardware store industry, the market is $7 billion in the U.S., and with only 3,193 businesses as of 2022, you’ll have less competition and an opportunity to grab a bigger share of the market.

Learn more about the ProSource Wholesale franchise opportunity today. Fill out this form, and one of our representatives will be in touch.