Glacial Star Group vs PEAK Elevator Franchise Comparison

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

Start-Up Costs and Fees
 
Glacial Star Group Franchise
PEAK Elevator Franchise
Investment $50,000$118,000 - $283,000
Franchise Fee $50,000$35,000
Royalty Fee $2,200 per month6%
Advertising Fee 00.5% Nat'l + 0.5% local
Year Founded 2006-
Year Franchised 2008-
Term Of Agreement -7 years +5+5
Term Of Agreement -7 years +5+5
Renewal Fee --


Business Experience Requirements
 
Glacial Star Group Franchise
PEAK Elevator Franchise
Experience --

Financing Options
 
Glacial Star Group Franchise
PEAK Elevator Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Glacial Star Group 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 -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
 
Glacial Star Group Franchise
PEAK Elevator Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About Glacial Star Group

Own your own collection agency! In today's down economy, the collection industry is booming and Glacial Star Group, Inc. is offering a collection franchise opportunity. At a price equivalent to a mere fraction of what one would pay to start their own agency and become licensed nationwide, a GSG franchisee gains nationwide licensing, a full compliance department (to answer issues such as Attorney General or Better Business Bureau complaints), all necessary documents (including NDA's, contingency and purchasing contracts, and CNR Attorney reviewed letters) and full access to ICEware Corp.'s ICEware Collection Software, Hosted Collection Services and Hosted IT support. ICEware is based on Zero-Footprint Technology, meaning there is no need for in-house servers or other hardware. It is browser-based as well; thus uses only limited resources and works in an 'on demand' environment. Also, ICEware Corp. acts as an outsourced IT department for GSG franchisees; quickly and efficiently handling unlimited updates, reporting, customization and training at no additional cost, and eliminating the need for an in-house IT department. As an added note, ICEware can be integrated with third party vendors (including dialers, letter vendors, skip tracers and credit bureaus) at no additional cost. GSG also offers an Exchange Model which makes it possible for a company or individual to manage multiple remote offices anywhere in the world from a centralized location. GSG will put you in contact with their pre-approved exchange teams that work only on commission; meaning you don't pay unless they collect. Welcome to the first 'out-of-the-box' collection agency franchise opportunity coupled with the world's first designer collection software!

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.