£ 147,000 - £ 205,000 Minimum Investment
Business & Professional Services, Commercial & Industrial, IT & Computers
£ 147,000 - £ 205,000
Multivista was founded in 2003 in Canada by electrician Luis Pascual and aerospace engineer Graham Twigg. Since then, the company has been providing clients with construction photo and video documentation, webcam, 3D walkthroughs and unmanned aerial vehicle (UAV) - or drone - services.
These clients operate in a variety of sectors, including healthcare, education, government, commercial and office building, infrastructure and civil, and industrial and factory.
Multivista has been contracted on approximately 2.5bn square feet of construction projects in over 75 markets around the world by developers, contractors, facilities managers, architects, engineers, and trades people.
Its documentation services record the progress of construction projects for the purposes of quality assurance, risk mitigation, facility operations, dispute resolution, and remote monitoring.
The company began franchising its business concept in 2007, the same year it established itself in America. Multivista opened an office in Scotland in 2013 and established a European head office in London in 2017.
The latter provides on-site service, technology, training and software tools for London’s billion-pound construction market, as well as supplying support for franchise partners in Europe and other international territories.
Multivista was acquired by Hexagon in 2016. Hexagon describes itself as a leading global provider of IT solutions that drive productivity and quality across geospatial and industry landscapes. The company employs 20,000 people in 50 countries and has net sales of $3.5bn.
In 2017 the Multivista franchise opportunity was named by Entrepreneur magazine as a ‘Top Global Franchise’.
Multivista franchisees have a hands-on role in their business and tend to employ - as a minimum - a principal operator, an operations manager, a number of sales people, and a photographer.
All site data and photographs are stored on a single online, cloud-based platform that can be accessed by clients whenever they need them.
This franchise has repeat business potential as Multivista’s documentation technologies, which have been developed and refined in-house, are seen by many of the company’s clients as an essential part of their construction projects.
Once a franchisee has established their initial business, there is an opportunity to open further franchises in additional territories.
According to Multivista, franchisees must have a sales background, be entrepreneurial and have an interest in emerging technologies and their application in the construction industry.
They must possess excellent time management and organisational skills as, in order to make a success of their franchise, they must be able to win new business, build relationships with prospective clients, manage a team, and be focused on delivering a first-rate service.
Outer London, Liverpool, Wales, Northern Ireland, the south east, the south west, the north east, the north west and Yorkshire.
Multivista’s European head office is in London. The company also has an office in Glasgow, Scotland.
In-depth training on the specialist equipment and software required to operate a Multivista franchise is given to all franchisees. Franchisees also learn about the operational side of the business and the proven strategies the company has employed to maximise return on investment.
Franchisees are supported with local pre-launch and ‘grand opening’ PR, advertising and market activities undertaken by the franchisor, while ongoing support is provided as and when required by Multivista’s support team.
For their investment, franchisees also receive an exclusive territory in which to trade, access to Multivista’s industry leading reality capture technology, a customised customer relationship management software system and regular technology updates.
In addition, franchisees benefit from Multivista’s research and development work and the national marketing campaigns the company delivers on behalf of its network.
The initial franchise agreement lasts for 10 years. Franchisees can renew the franchise agreement following this period in agreement with the franchisor.
Franchisees must pay the equivalent of two per cent of gross sales towards advertising and marketing activity.
Though visual documentation has been considered best practice in the construction industry for some time, increasing government regulations, construction defect litigation and a growing demand for efficiency through digitalisation have made Multivista’s services essential in many areas of the architecture, engineering and construction sector worldwide.
Zamon Kingi, Multivista’s director of franchise sales, says: “Construction technology is a multi-billion dollar industry looking to double in the next five years. The industry is shifting and we are uniquely positioned at the intersection of construction and technology.”
As government legislation continues apace in the UK and Australia that calls for the use of the type of construction technology utilised by Multivista, the company intends to focus its franchisee recruitment efforts in these countries.
Dan McRae, director of franchise development at Multivista, explains: “Both of these markets are unique because of their building regulations, but also because they host diverse verticals that can weather cyclical swings in construction activity.”
Dan believes now is an ideal time to invest in a Multivista franchise, adding: “Construction and technology are converging like never before. The industry is increasingly looking for our service solutions to improve competitiveness, reduce risk and create efficiencies.”
On a global scale, the construction industry is forecast to be worth $12 trillion by 2020, a figure that represents 13.2 per cent of global GDP. Currently, the UK is the biggest growth market in Europe and by 2030 it looks set to become the world’s sixth largest construction market.
To find out more or to request further information on franchising with Multivista, click the ‘Send Enquiry’ button now.
For further information, enquire today!
For further information, enquire today!
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