MetroNaps vs PEAK Elevator Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of MetroNaps vs PEAK Elevator including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
MetroNaps Franchise
PEAK Elevator Franchise
Investment $55,000 - $160,000$118,000 - $283,000
Franchise Fee $25,000$35,000
Royalty Fee 5%6%
Advertising Fee -0.5% Nat'l + 0.5% local
Year Founded 2003-
Year Franchised 2005-
Term Of Agreement 5 years7 years +5+5
Term Of Agreement 5 years7 years +5+5
Renewal Fee --


Business Experience Requirements
 
MetroNaps Franchise
PEAK Elevator Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    MetroNaps Franchise
    PEAK Elevator Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    MetroNaps Franchise
    PEAK Elevator Franchise
    Training -We will provide one week of training at the PEAK Vertical Transportation Group™ corporate location approximately four weeks before your franchise launch. We will cover general business operations, marketing and selling techniques, and more. PEAK Elevator™ representatives will provide an additional one week of training at your franchise location approximately one week prior to your franchise launch to assist you with on-site support.
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, InternetWe will present you with a copy of our confidential operations manual to help you run your business properly on a day-to-day basis, and we will be there to provide remote support, ongoing guidance and answers to questions you may have.
    Marketing Ad slicks-
    Operations

    Number of employees needed to run franchised unit: 1 - 1

    Absentee ownership of franchise is allowed.

    		-

    Expansion Plans
     
    MetroNaps Franchise
    PEAK Elevator Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About MetroNaps

    Looking for a company to support your regular afternoon snooze session? MetroNaps takes napping to the franchise world with its space-age-looking napping pods. The company promotes the benefits of sleep on workplace productivity, and it's expanding to spas, health clubs, airports and corporate offices. Who doesn't need a little peace and tranquility these days?

    About PEAK Elevator

    Starting a franchise business is no easy feat. However, with an experienced company like PEAK Elevator™ behind you, you will have the support and backing of experienced individuals who are ready to mentor you in your new venture. You will certainly need investment capital, hard work and solid business sense to see success as a franchisee. PEAK Elevator™ is ready to help you through the steps of starting your own elevator business in the $20 billion elevator installation and service industry.
    PEAK Elevator™ answers the call for skilled elevator professionals who are just as well versed in customer service as they are in the technical aspects of the vertical transportation industry. With the backing of PEAK Elevator™’s established brand, elevator and escalator professionals can become their own boss in a promising market.

    Founders Randy and Jim McGinnis leveraged their collective expertise in the areas of elevator and escalator installation, maintenance, repair and modernization to develop a refined business model for aspiring entrepreneurs. With customer satisfaction, quality and integrity at its core, PEAK Elevator™’s franchise model serves as a blueprint for those looking to fulfill their dreams of starting an independent elevator repair company. Together, the McGinnis brothers have pioneered a shift in the industry and are honored to share their expertise in this comprehensive franchise offering.
     
    The estimated initial total investment for a PEAK Elevator™ franchise ranges from $118,000 to $283,000 for a new franchise and $100,500 to $274,250 for a conversion franchise. This investment amount includes an initial franchise fee of $35,000 for new franchises or $17,500 to $26,250 for a conversion franchise.