Bureau of Labor Statistics reports that the construction industry is one of the largest industries in the U. Among these businesses, 68 percent of companies within the construction industry employ less than five individuals. Though small, the many businesses within the industry provide aggressive and continual competition. Create a business description for your construction business.
Making a Profit in Construction The company has successfully operated in the Houston area for the past ten years working on both small and large scale construction, repair, and alteration projects focusing on residential contracting.
With the business boom that is occuring in our local area and the desire to improve overall profit margins, the company is planning to shift its target market from residential clients to the larger commercial customers.
This business plan will lay out our goals and tasks to make this transition successful and create enough market share to succeed in this highly competitive market. In the original company was merged with another small scale local company, West General Contractors and the company began to bid successfully for larger scale projects.
As part of its growth and altered focus, FCC is planning on changing its charter from a limited liability company to a class C corporation registered in Texas.
This will allow FCC greater access to investment funds to fuel its growth. Services Fosse offers comprehensive services designed allow the company to do whatever it takes to finish a project.
Some of these services include; design work, remodeling and alterations, permitting, site preparation, carpentry, cement foundations, painting, and plumbing and utilities installation. In addition, skills Fosse lacks can be subcontracted. The Market The Houston area is booming at this moment, overall business growth during the past seven years has averaged approximately 9.
This makes for a very attractive market for Fosse Commercial Contractors. We will be concentrating on the customers that will provide us with the greatest margin, in other words those clients desiring office building construction. This is the fastest growing segment of commercial clients requiring our services.
The other categories that we will serve include the restaurant segment, the special facilities segment, and all other potential commercial clients. Significantly expand into the commercial and office building contracting market to improve profit margins and increase local market share.
Expand services and decrease costs by creating a permanent painting crew, as well as adding a bookkeeper and an accountant to our staff. Begin to market and offer services in the San Antonio area in preparation for opening an office there in Year 4.
Fosse maintains the highest standards of service in the commercial construction industry.
In order to achieve a defendable position in this environment, Fosse must concentrate on the following tasks. Secure at least five large scale commercial contracts over the next three years. Expand our customer base through expansion into other geographic areas to retain a sufficient level of profitability.
In the original company was merged with another small-scale local company, West General Contractors, and the company began to bid successfully for larger scale projects. The company plans to implement this change by the middle of Year 1. As part of its growth and altered focus, FCC is planning on changing its charter from a limited liability company to a class C corporation registered in Texas, allowing greater access to investment funds to fuel its growth.Nov 16, · Construction Business Owner, January About the Author Kristi Webb is the commercial leader of GE Capital's Dealer Finance business, which provides commercial leases and loans ranging from $5, to $25M for the wholesale and retail financing of construction equipment.
Fosse Commercial Contractors construction business plan executive summary. Fosse Commercial Contractors, an established general contractor, plans expansion, changing target markets from residential to commercial building projects/5(83).
This MS word template of a construction business strategy plan is extremely helpful for anyone who has recently planned to execute a business plan of construction.
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Click here to view this full business plan. Construction Business Plan Executive Summary. Introduction Fosse Commercial Contractors LLC is a small construction company formed from the merger of Fosse Painting & General Construction and West General Contractors.
A Sample Construction Company Business Plan Template The Construction Industry Overview The construction industry can comfortably boast to be responsible for the infrastructural development of the world.
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