Whether you’re looking to enter the construction industry or are already experienced, you may be considering starting your own general contractor business. And why not? There are many benefits to owning a business, including being your own boss, creating your own hours, and reaping financial rewards.
Of course, when it comes to business ownership, many risks and challenges can come into play. When it comes to planning, establishing clientele, and marketing, it’s important you understand the ins and outs of the industry. Let’s break down how to start a general contractor business, including tips, what to expect, and how to make your business thrive.
Why Start a General Contractor Business?
The first step in determining your path is to ask yourself, “Why do I want to start a construction business?” With other competitors and business ventures out there, you have to solidify your interest.
Year-Round Generated Business
Construction is a relatively stable industry; while needs may wax and wane, there are always improvements and building to be done. Whether at the consumer, commercial or governmental level, a contractor has a mix of project potential – benefiting your bottom line.
Contractors Are in Record Demand
The U.S. Burau of Labor and Statistics projects that the number of construction managers jobs will grow by 11% by 2030. This growth is due to the increased demand for work in the residential and commercial construction industries. With homeowners currently reinvesting in their homes at record rates and commercial construction booming, customers are willing to pay a premium.
Start a General Contractor Franchise
If you want to start your own contractor business but want to limit the risks involved with starting from scratch, franchising may be the best option. Investment in a world-class general contractor franchise is a great way to get started in the industry, with the backing of a corporate support team to get your business up and running successfully.
Evergreen Service = Maximum Profit Potential
Transblue has pioneered a system of generating multiple streams of income, a model we refer to as evergreen. Our evergreen service model means you’ll have services to provide your clients no matter what time of year, economic state, or location. Our diverse mix of residential, commercial, and governmental projects has only benefitted our franchisees’ bottom line – presenting them with a scalable, proven model with high revenue potential.
The up-front costs for franchises are one of the biggest hurdles for new franchisees to overcome. Even if the fee is small, you may still have to pay for advertising, equipment, and building costs.
At Transblue, we use a unique “asset-light” model that means you won’t be purchasing vast amounts of equipment. Our initial investment estimate includes spare cash to keep on hand while you’re starting up and the truck needed to get the job done. You can do the work without a huge office space, asphalt paver, or snowplow—let us show you how. To top it off, our sub-contractor model keeps staffing to a minimum. We partner with local contractors to complete the work while you prioritize managing the business.
Ready to get started? We’re here to answer your questions and help you take the next step to owning your own Transblue franchise. Fill out our inquiry form, and our franchise development team will be in touch.