PEAK Elevator vs Growth Concepts Franchise Comparison

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

Start-Up Costs and Fees
 
PEAK Elevator Franchise
Growth Concepts Franchise
Investment $118,000 - $283,000$500
Franchise Fee $35,000N/A
Royalty Fee 6%-
Advertising Fee 0.5% Nat'l + 0.5% local-
Year Founded -1989
Year Franchised -2017
Term Of Agreement 7 years +5+5-
Term Of Agreement 7 years +5+5-
Renewal Fee --


Business Experience Requirements
 
PEAK Elevator Franchise
Growth Concepts Franchise
Experience --

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

Training & Support
 
PEAK Elevator Franchise
Growth Concepts 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
 
PEAK Elevator Franchise
Growth Concepts Franchise
US Expansion YesYes
Canada Expansion --
International Expansion -Yes

Company Overviews

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.

About Growth Concepts

"Growth

Growth Concepts is the leading provider of tools and processes for maximizing business value for increasing and leveraging equity.
We have been assisting Businesses Owners/Buyers since 1989.
We honor and train Business Owners/Employees and Ambassadors of Business Equity
using the STS Business Equity System throughout the world.