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Below is an in-depth analysis and side-by-side comparison of Canadian Tire vs Pirtek including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $125,000 - And Up | $201,400 - $869,300 |
Franchise Fee | N/A | $20,000 - $50,000 |
Royalty Fee | - | 4% |
Advertising Fee | - | 1.5%-3% |
Year Founded | 1922 | 1980 |
Year Franchised | 1934 | 1986 |
Term Of Agreement | - | 10 years |
Term Of Agreement | - | 10 years |
Renewal Fee | - | $10000 |
Business Experience Requirements |
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Experience | - | Pirtek targets potential franchisees with a minimum net worth of $500,000 and $150,000 in liquidity to bring to the table. |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | No/Yes |
Start-up Costs | -/- | No/Yes |
Equipment | -/- | No/Yes |
Inventory | -/- | No/Yes |
Receivables | -/- | No/Yes |
Payroll | -/- | No/Yes |
Training & Support |
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Training | - | Certified Training - Our Certified Training Program is offered to you as the franchise owner and your entire team. Depending on the position, our training program ranges from 1-3 weeks consisting of sales, marketing, accounting, administration, IT and technical training. In addition to our outstanding Certified Training Program, we also offer certifications recognized by the International Fluid Power Society. |
Support | - | Turnkey Start Up - PIRTEK supports the opening of your PIRTEK Center in areas such as: Area evaluation, site selection, lease negotiation, build-out, equipment, inventory, vehicle acquisitions & outfitting, certified training, proprietary computer software, customer, sales and so much more. Our team of professionals located at the PIRTEK USA Franchise Support Center as well as our "traveling" Franchise Support Representatives, pride ourselves with award-winning support. If your need is for computer assistance, looking for a rare item or need guidance quoting a large job, we are here to assist in any way possible. With PIRTEK, you're in business for yourself, but not by yourself! As part of our turnkey process, our professional staff assists you with your business plan. This business plan can be used to raise finances while also being a continual "road map:" for your business. After you open your doors, PIRTEK's senior management will host monthly meetings with new owners to review progress with your business plan. This meeting includes analyzing sales, accounting, management performance and more. Doing this allows all parties to ensure your growth is on the right track. The key is -- if you're successful, we're successful! |
Marketing | - | As a new business owner, from Day One you can focus on growing your business. PIRTEK provides all the marketing material, promotional items, sales programs, etc. to support your growth. As part of our advertising program, you will find PIRTEK ads in trade publications, national print magazines, newsletters and e-mail campaigns, as well as on various websites and trade shows across the United States. |
Operations | - | Absentee Ownership Allowed Number of Employees Required to Run: 5 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | No | No |
Canadian Tire Corporation, Limited - the country's most shopped retailer - offers a unique mix of products and services through the leadership of three specialty stores under one roof - Automotive, Sports and Leisure, and Home Products. With over 450 Canadian Tire Associate Stores serving communities nationwide, Canadian Tire Corporation, Limited and the Associate Dealers together employ 38,000 Canadians and form one of Canada's best-known and most successful retailers.
You will immediately benefit from proven business systems which include commissions and allowances to help cover initial costs of operation.
You will also take part in a 2 week hands-on Training Program that covers everything you will need to know moving forward to manage the business.