|
Below is an in-depth analysis and side-by-side comparison of Metal Supermarkets vs Firemasters (Canada) including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $228,500 - $437,000 | $10,350 - $571,000 |
Franchise Fee | $39,500 | N/A |
Royalty Fee | 6%-2% | - |
Advertising Fee | 1% | - |
Year Founded | 1985 | 1949 |
Year Franchised | 1987 | 1987 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $7.5K | - |
Business Experience Requirements |
||
Experience | The ideal candidate will possess the following: * Outgoing personality with a willingness to work hard to succeed * Ability to multitask and thrive in a fast-paced environment * Can effectively delegate and manage employees * Understands that building a business does not happen overnight * Willingness to work hard in order to achieve mid- to long-term meaningful financial rewards, versus short-term "home runs" | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | On-The-Job Training: 120 hours Classroom Training: 60 hours | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | - |
Operations |
International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)
| - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Firemaster is proud to be serving the oil and gas industry since 1980 and has maintained our leadership role in this increasingly competitive industry. We are also proud of our company’s dedication to provide quality services in a safe working environment, with the highest level of expertise and performance.
Our Safety and Loss Prevention Program is accredited under the Occupational Health and Safety Partnerships Program. It has been created in accordance to guidelines and standards from PSAC (Petroleum Services Association of Canada), NFPA (National Fire Protection Association) and CSA (Canadian Standards Association).
We are poised to continue to build on our proven track record of service excellence, our greatest asset.
Firemaster strives to exceed the industry standards of job site and shop safety, training and equipment maintenance.