AmSpirit Business Connections vs PEAK Elevator Franchise Comparison

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

Start-Up Costs and Fees
 
AmSpirit Business Connections Franchise
PEAK Elevator Franchise
Investment $13,900 - $51,800$118,000 - $283,000
Franchise Fee $10,000$35,000
Royalty Fee 30%6%
Advertising Fee -0.5% Nat'l + 0.5% local
Year Founded 1997-
Year Franchised 2006-
Term Of Agreement 10 years +107 years +5+5
Term Of Agreement 10 years +107 years +5+5
Renewal Fee --


Business Experience Requirements
 
AmSpirit Business Connections Franchise
PEAK Elevator Franchise
Experience --

Financing Options
 
AmSpirit Business Connections Franchise
PEAK Elevator Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
AmSpirit Business Connections Franchise
PEAK Elevator Franchise
Training Columbus, OH 3 DaysWe 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 Central Data Processing

Central Purchasing

Field Operation Evaluation: At Additional Cost Field Training: At Additional Cost

Regional or National Meetings: At Additional Cost

800 Telephone Hotline

We 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 --
Operations --

Expansion Plans
 
AmSpirit Business Connections Franchise
PEAK Elevator Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About AmSpirit Business Connections

AmSpirit Business Connections organizes and supports groups of entrepreneurs, sales representatives and professionals, called Chapters, that meet each week to participate in a structured meeting format where they learn about each, develop professional relationships and exchange referrals. We are expanding our business model across the United States by offering franchises for this popular structured networking program. The AmSpirit Business Connections franchise opportunity is unique in that it is - Affordable - Most everyone who qualifies can be successfully operating an AmSpirit Business Connections franchise for an initial investment of well less than $15,000, which makes this one of the most affordable franchise opportunities available.

-  Professional - We designed our structured networking program to service businesses exclusively, which allows our franchisees to network with and consult highly qualified entrepreneurs, sales representatives and professionals.
-  Synergistic - Our structured networking program only operates a couple hours each day, this franchise opportunity dovetails nicely with (as well as helps build) our franchisees' current professional endeavor.


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.