When you’re good at something, you want to share it with others. That’s the motivation many future owners have when they start looking into investing in a home building franchise or other construction support businesses.
Renovation and construction supply has long been an evergreen business in the United States. No matter the economic climate, there’s always a need for construction and redesign, and site upgrades and improvements are parts of the natural business cycle. The next five years are projected to see a growth in commercial renovation and medical construction, and that translates to favorable conditions for building material franchise opportunities.
This article walks you through the process of establishing yourself as a franchise owner. We show you what steps to take when you first decide to turn your training and abilities toward a construction business. You’ll also learn what you can expect when you begin your hunt for a home building franchise and consider an alternative like Temporary Wall Systems that connects with your approach toward your business and customers. And, we give you a look at how you’ll go about setting up your site and establishing yourself as a community leader.
This is an exciting moment in your career, and we’re here to help you work to make the most of it. Our examination of how to find the perfect building franchise assists you in your journey and can help you get going on the right foot.
UNDERSTAND YOUR MARKET
Any great endeavor begins with an assessment. It’s a crucial moment, and it establishes much of what’s to come.
Finding and establishing a building franchise is no exception—it requires you to start off by engaging in research to find out as much as you can about your target market. It’s your time and experience you’ll be employing in your new franchise, and it makes solid business sense to be sure you’re using them in the most effective manner possible.
What sort of demographic will you serve? What’s their median age, income, and culture? Perhaps most importantly, what construction material or services do they need and not currently have?
Once you’ve done your due diligence, you’re likely to find the sorts of information that can help you determine your course. For example, you might discover that your local area has lots of planned retail redevelopment but no temporary containment services available. That gives you key data to help you move forward and identify a prospective franchise like Temporary Wall Systems that fits your, and your customers’, needs.
FIND A FRANCHISE
You were careful and sensible, and you took the time and effort to thoroughly research your market to identify the building franchise option that makes sense. Now, you can narrow your search, find a franchise that connects with your business philosophy, and become part of their family.
If you identify temporary containment as a potential franchise niche for your market, you will then want to research the franchises that serve that sector. You’re likely to find Temporary Wall Systems on your radar during your search—our customer-first approach and containment rental model make good sense for many businesses.
When you find a building franchise that interests you, dig in and learn as much as you can about them. Read their Franchise Disclosure Document cover to cover, as it’ll give you all the details you need to know about initial capital requirements, recurring fees, and the responsibilities of the franchisor and franchisees.
After you complete your research and have a potential franchise partner in mind, attend their Discovery Day to finalize your plans. Discovery Day is an essential step and will let you meet personally with the franchise’s senior staff, including the CEO. You’ll have the chance to get to know each other and determine whether you’d like to become an owner.
If everyone connects and seems to work well as a team, you can proceed to the buildout.
ESTABLISH YOUR BUSINESS
With the preliminary work completed, you can get ready for the fun. Scouting out and preparing a site, establishing inventory, and opening your doors can be hard work, but the satisfaction of developing your own business can make it an exciting time in your career.
Your franchise support team will likely be a big help to you during your onboarding and site development process. For example, Temporary Wall Systems provides our new owners with training and assistance with real estate networking and selection.
A building franchise team like Temporary Wall Systems can be an essential backup when you’re getting started with your inventory, too. Inventory establishment is no small matter in construction, and any savings you can realize when setting it up gives you additional financial cushioning to use when needs arise. That’s why Temporary Wall Systems leases inventory to our owners to help them get up and running.
Once site and inventory development are complete, it’s time to open your doors and get your business underway! Your franchise support team is often a go-to resource for this, as well. Reach out to them to get assistance in marketing, training, and more.
TEMPORARY WALL SYSTEMS IS READY TO HELP YOU START YOUR BUILDING FRANCHISE
This article walked you through the process of starting a building franchise in your local area. We showed you how to research your customer base, find and sign on with a franchise, and get your business open and operating. Franchise ownership is a way to fully use your business skills—it could just be a question of you taking the first step.
Temporary Wall Systems believes in a franchise model that puts the customer front and center, and we offer our owners robust and continuing support. Our owners know that we stand behind them and want them to grow and develop as a business.
We’re looking to grow, and we’d love to find like-minded potential owners to come with us on this journey. If you’d like to learn more about how Temporary Wall Systems could be the right fit for the next stage in your career, contact us and get started today. We might be perfect for each other!