Tips on Identifying Construction Franchise Opportunities in Australia
Construction franchise opportunities in Australia are on the rise because there are so many construction-related businesses in Australia that have shown consistent growth. These opportunities allow people to buy into a business model that is already proven with a track record of success.
Most entrepreneurs are drawn to the idea of buying a franchise because it gives them an edge in starting their own construction-related business. The upfront costs associated with setting up your own business from scratch, for example, advertising, purchasing necessary equipment, and paying for the workforce until business picks up, can be discouraging.
In addition to those upfront costs, there is also a lack of knowledge about starting your own construction-related business that makes it even more difficult to take that first step. A franchise allows people to invest in a business model that has already been tested and proven to be successful.
Once you buy a franchise, the business model and marketing plan is mapped out for you with little room for any surprises.
There are several different types of construction franchise opportunities available in Australia including roofing, tiling, concreting, and excavation. Each type of franchise works slightly differently and has its own associated costs, but they are all relatively the same in terms of operational costs.
The most popular type of franchise opportunities is roofing and tiling because these two types cover up to 80% of any commercial or residential construction site. The equipment and workforce needed for a successful roofing or tiling franchise are relatively cheap when compared to other franchise opportunities. All you really need is a van, ladders, buckets, and some employees that know the trade to get started.
This means you can start making money from your roofing or tiling franchise opportunity in as little as one month since you’re only required to invest a small amount of money into the business.
Concreting and excavation franchise opportunities are less popular because these types of businesses require a higher investment, which takes away from the benefits of buying a franchise. In addition to purchasing the necessary equipment for your business, you also have to purchase your own dump truck, bobcat, and skip bin.
The capital expenses involved in starting a concreting or excavation franchise make it difficult for new entrepreneurs to start these businesses because they need more money to invest upfront before making any profits.
Construction franchise opportunities can be found through various avenues such as family, friends, the internet, and business directories. To ensure you find the best construction franchise opportunities for you, it is highly recommended to do your homework and seek advice from other people in similar industries.