The construction industry is booming with no signs of slowing down. According to Research and Markets, the U.S. construction industry is projected to grow by over 15% in 2021, which has created a rise in demand for construction project management concepts.
With record demand for workers, evergreen industry, and positive financials, here’s why now’s the time to invest in a construction management franchise:
Construction Workers in Record Demand
Thanks to the red-hot real estate market and more people working from home, residential construction and improvements are surging. In tandem, commercial construction and services are flourishing with more consumer spending and governmental investments in tourism, office buildings and retail space.
In fact, the demand is so great, there’s not enough materials or workers to cover it. Skilled labor shortages and supply chain issues are the two most significant issues the business is currently facing. However, this downfall presents an opportunity for high-profit margins. In addition, the heightened demand for construction workers presents the unique opportunity for a third party to source and mediate contracts between the client and the construction crew.
Rain, snow, sleet or shine, construction is an evergreen industry with services to offer jobs 365 days a year. No matter where you live, you’ll have services to offer. Instead of being limited by seasonal weather or available work, the industry provides various services, giving you year-round viability without downtime.
H2: Benefits of a Project Management Franchise
Investing in a project management franchise ensures that you stick to managing your team rather than getting down and dirty. Here’s the breakdown:
- Low-cost investment – more capitalization funds for start-up
- High margins, high sales ticket
- Low overhead – no equipment necessary to purchase or store
- Scalable revenues and controlled expenses
- Re-occurring income
- Recession resistant business
Transblue is the leading provider of construction management services, specializing in residential, commercial and multi-family properties. With open space to grow in a booming industry, reach out today to learn more about franchising opportunities.