SMS Masterminds vs PEAK Elevator Franchise Comparison

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

Start-Up Costs and Fees
 
SMS Masterminds Franchise
PEAK Elevator Franchise
Investment $24,000$118,000 - $283,000
Franchise Fee N/A$35,000
Royalty Fee -6%
Advertising Fee -0.5% Nat'l + 0.5% local
Year Founded --
Year Franchised --
Term Of Agreement -7 years +5+5
Term Of Agreement -7 years +5+5
Renewal Fee --


Business Experience Requirements
 
SMS Masterminds Franchise
PEAK Elevator Franchise
Experience

You don't need to be a marketing or mobile technology expert to be a successful mastermind! You will become an expert with our "Masterminds University" training program and 24/7 support by our friendly and professionally-trained staff, who can answer any questions or concerns you have quickly and effectively.

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

Training & Support
 
SMS Masterminds 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
 
SMS Masterminds Franchise
PEAK Elevator Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About SMS Masterminds

THIS IS A BUSINESS OPPORTUNITY THIS IS NOT A FRANCHISE SMS Masterminds brings the power of Mobile Marketing to small and big business alike! We'll help you build your own customer list and market to them in the most effective ways possible. With new advances in technology, Mobile Marketing is now easy and affordable for businesses of all sizes. No other form of advertising gets a greater return on investment than Mobile Marketing! Low overhead Virtually no inventory Work from home Recurring income No employees No retail location No set hours Always innovative and exciting SMS Masterminds network success: Over 75+ markets nationally Client grossing as much as $30K/month Over 1,250,000 subscribers as of November 2013 What you sell: A smart Loyalty Marketing Solution that works like a digital punch card. Consumers 'check in' using their mobile number, and earn points towards free products/services. The merchant will then send text messages out to those consumers with daily specials and offers to drive them back in. Response rates of 20 to 30 times better than traditional media are typical! For this, you charge a monthly fee for the service, the amount depending on the size of the account.

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.