Commercial Construction Business: How to Start and What to Consider
The construction industry creates $2.1 trillion worth of structures annually. If you’re interested in launching a business in this vital area, explore the steps and considerations you need to follow to be successful.
Construction experience and business training is essential for entrepreneurs who want to build a profitable startup business in this sector.
Launching a commercial construction business involves more than tools and blueprints. It requires careful planning, licensing, and ongoing risk management. Large commercial construction projects have a high capital investment and copious amounts of red tape.
They also have long bidding cycles and rely on a solid reputation and referrals to be successful. You’ll face intense competition and may need to shrink your margins to secure projects.
Steps to Open a Construction Business
Here’s a basic overview of the steps it takes to start a commercial construction business:
- Develop a business plan.
- Choose a niche, such as office build-outs or retail space.
- Secure licensing, insurance, and bonding.
- Purchase equipment and secure storage.
- Hire a team.
- Implement an omnichannel marketing effort.
- Network with contractors and businesses in your desired specialty.
Concrete Craft: A Better Alternative
Launching a construction business requires many steps, and the timeline to profitability is lengthy. There are already more than 919,000 construction businesses in the U.S. Gaining a foothold in this industry can be challenging. If you have a passion for construction, a franchise can streamline the path to entrepreneurship.
Concrete Craft is a decorative concrete franchise that can bridge the gap for people who want to build a future in construction. We offer both residential and commercial opportunities in the $4.6 billion decorative concrete industry, which is projected to grow 5.9% through 2030.
The initial investment for a Concrete Craft franchise starts at $156,330, and we offer $40,000 of in-house financing to qualified candidates. Our brand has a history of success with more than 70 locations and a solid operational strategy.
We equip franchisees with an outline of startup costs to limit surprises and help ensure a solid return on investment. Let’s explore what separates Concrete Craft from starting a construction business from scratch:
- Franchisees don’t need to deal with long municipal approval cycles or large crews like in full-scale commercial construction.
- Concrete Craft can be run as an owner-operator business or scaled with crews to expand your reach.
- Our franchise provides built-in training and operational support from day one.
- We offer lead generation and national marketing campaigns.
- Our proprietary techniques and materials are not easily replicated by independent contractors.
- Concrete Craft has high credibility as part of the Home Franchise Concepts team.
- Our decorative concrete solutions are often lower-cost alternatives to full replacements. It’s an affordable home upgrade that customers feel comfortable with, even during a sluggish economy.
The Home Franchise Concepts Advantage
Home Franchise Concepts is a powerhouse. We have decades of experience in the home services industry. We currently franchise 10 home services brands and have more than 2,600 franchise territories.
Joining a franchise network provides support and ongoing guidance, as well as lower supply costs and a network of peers to share best practices. Our brands have high customer demand year-round and a strong reputation with customers.
In addition to Concrete Craft, we have two other opportunities in the construction space. Kitchen Tune-Up and Bath Tune-Up focus on remodeling. They’re smart franchise investments for entrepreneurs who want to capitalize on consistent residential demand and are easier to run than a construction startup.
Start with a Solid Foundation
If you're thinking about launching a construction business, why not start with a proven system, strong brand, and built-in support? Take the smarter path to ownership. To explore the Concrete Craft franchise opportunity, inquire now.