Are you looking for your next business opportunity and considering something within the construction industry? Do you want something with UNLIMITED growth potential where the only limit is how hard you’re willing to work? Are you ready to create your own success? If so, then GoliathTech is the right franchise opportunity for you.
The difference between buying a franchise in other markets vs a franchise in the construction industry
While it’s great that you’ve decided to dip your toes into the world of franchisees, you have a lot of things to consider. One of the first, no doubt is which industry you’ll want to invest in. With 29 different industries across 226 sub-sectors using franchising as a business model, it’s true that there are many different options to choose from. So, why choose the construction industry?
While the growth of the world’s population is beginning to slow down, the rate of immigration certainly isn’t. Countries like the United States, Germany, France, and the United Kingdom being in the top 7 countries are growing in population and are receiving a higher demand than ever before for expansion. Whether that be more homes for people to live in, more bridges to bring people closer to work, more schools for kids to attend and so much more, the construction industry is booming.
Unlike the food industry which has competition is fierce, and children-centered franchisees - which despite their growth are about to face the crisis of the baby bust, the construction industry is maintaining its steady pace. In fact, the global construction market is expected to reach $16.6 Trillion by 2025, with a compound annual growth rate of 7%.
Building a helical pile franchise within the construction industry
When considering buying a franchise in the construction industry, we think of building decks, homes, and other residential or commercial projects. These require a lot of manual labor and skill. Why not choose a franchise business within the construction industry that is simple to learn, specialized and easy on the lower back? Why not consider the helical pile industry?
Helical (screw) pile foundation systems replace old-time classic concrete foundations. Unlike their concrete counterparts, helical pile foundation systems are specifically engineered with the most superior technology in the market. Their precise measurements and expert installation allow one to rest assured that a foundation will remain in tip-top condition for many years to come.
In short, when you invest in a helical pile franchise, you become the specialist in foundation installation within the construction industry, using the best system/product on the market, GoliathTech helical (screw) piles. This can open up so many doors and partnerships in your territory!
5 Things to consider when buying a construction franchise
- Know yourself
The first thing you need to think about before buying a construction franchise is whether the industry itself will be a good fit for you.
There are many personality tests out there; everything from the infamous Myers-Briggs to career personality profiles. The goal of taking a test is to help you determine exactly what kind of industry will be a good fit for you.
When considering buying a construction franchise, you need to ask yourself if you are someone that would be willing to spend their days outside, working alongside the rest of your installation crew; if you like sales and customer service; and if you are a go-getter that loves a challenge. If the answers to these questions are “Yes!”, a franchise in the construction industry could be a great fit for you!
- Do your research
Another important thing to cross off from your to-do list before buying a construction franchise is knowing the field. Look into different business sectors in construction, explore set up time, cost and benefit. It’s critical that for any decision you make, you research, research, research.
Talking to an expert is also a good way to become attuned to what a company is really like. At GoliathTech, our friendly and knowledgeable team is here to help you.
Also, remember to review the Franchise Disclosure Document (FDD) before buying a franchise. And while the document may seem long and tedious just like all other legal documents, it’s important to review it and make sure you understand all the terms and conditions.
- Talk to other franchisees
What’s the first thing you do before you make a big purchase? You read reviews. While many online sites give you insight into what it’s like to be a franchisee, another good idea is to speak with the franchisees themselves. Which is why one of our steps in becoming a franchisee is speaking with other GoliathTech franchisees. Who knows, you may even make a friend, or two.
- Calculate the investment and return
While you may be excited to jump into this exciting opportunity, it’s important to take a step back and determine if this is the right decision for you. Weigh the pros and cons; talk it over with your family; go to a professional. Counting your money and weighing the pros and cons is the most logical and knowledgeable way to know that you’ll be making a sound decision.
- Know your end goal
In business, results matter and knowing your end goal using the SMART method will help you achieve the best return on investment. Your goals should be Specific, Measurable, Achievable, Relevant, and Time-Bound. Write them down and make sure you review them with a franchise sales representative to see if they are achievable.
It’s important to know the timeline you need to get started. Do you have everything you need already in place?
Once you know where you’re headed, you’ll know what address you need to put in your GPS to succeed.
Are you ready to build a franchise within the construction industry with GoliathTech?
Who is GoliathTech?
GoliathTech is the most important manufacturer and installer in the helical (screw) pile industry and a top-ranking franchisor. Always at the forefront of our industry, we constantly innovate to realize our mission and vision of offering the highest quality products and services to customers around the globe.
If you have an entrepreneurial spirit and want to take control of your own growth potential, GoliathTech may be the perfect fit for you. With available markets all over the world, opportunity for growth and expansion knows no bounds.
Our successful franchise model comes with many benefits—the process of becoming a franchisee is simple and low-cost with all the training and support needed. There is no profit limit nor royalty fees, and you’ll benefit from a proven business model that’s guided by experts who want to see you succeed. Join us and together, we’ll break new ground! Ready to get started?