|
Below is an in-depth analysis and side-by-side comparison of American Asphalt Sealcoating vs PERMA-DRY Systems including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $35,000 - $45,000 | $180,000 - And Up |
Franchise Fee | $15,000 | $18,500 |
Royalty Fee | 5-7% | 5% |
Advertising Fee | - | - |
Year Founded | 1987 | 1980 |
Year Franchised | 1998 | 1990 |
Term Of Agreement | 15 years | 5 years +5 |
Term Of Agreement | 15 years | 5 years +5 |
Renewal Fee | Administrative costs | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | Yes/No | -/- |
Equipment | No/No | -/- |
Inventory | Yes/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | Headquarters in Dartmouth, NS 2 Weeks |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Central Data Processing Field Operation Evaluation Field Training Franchisee Newsletter Regional or National Meetings 800 Telephone Hotline |
Marketing | Co-op advertising, Ad slicks | - |
Operations |
Franchise can be run from home. <10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | Average Number of Employees: 1 Full-time, 1 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
NO LONGER FRANCHISING
Provision of services in the restoration of concrete surfaces and structures, using products and following a repair system prescribed and developed by the franchisor. These crack repair and concrete specialists are encouraged to expand and diversify their business in any area where concrete products are used or repairs are required.