| ||||
Updated RecentlySupporting Strategies vs PEAK Elevator Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Supporting Strategies vs PEAK Elevator including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $77,930 - $103,190 | $118,000 - $283,000 |
| Franchise Fee | $60,000 | $35,000 |
| Royalty Fee | 10% | 6% |
| Advertising Fee | 2% | 0.5% Nat'l + 0.5% local |
| Year Founded | 2004 | - |
| Year Franchised | 2013 | - |
| Term Of Agreement | - | 7 years +5+5 |
| Term Of Agreement | - | 7 years +5+5 |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| Training | On-The-Job Training: 23 hours Classroom Training: 12 hours Additional Training: Online 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 | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | 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 | Co-op Advertising Ad Templates Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | - | - |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Supporting Strategies
Just take the time to make sure buying a franchise is right for you before you make the leap. It could be hard to get your old corporate life back once you leave that world to pursue independent business ownership for a year or two.
For more information about the pros and cons of business ownership, contact Supporting Strategies today!
Veteran Incentives 10% off franchise fee
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.