Office Evolution vs PEAK Elevator Franchise Comparison

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

Start-Up Costs and Fees

 
Office Evolution Franchise
PEAK Elevator Franchise
Investment $127,000 - $961,000 $100,500 - $283,000
Franchise Fee $39,500 $17,500 - $35,000
Royalty Fee 7.5% 6%
Advertising Fee 3% 0.5% Nat'l + 0.5% local
Year Founded 2003 -
Year Franchised 2013 -
Term Of Agreement - 7 years +5+5
Term Of Agreement - 7 years +5+5
Renewal Fee - -


Business Experience Requirements

 
Office Evolution Franchise
PEAK Elevator Franchise
Experience Franchisees must enjoy contributing to the success of their small business clients and fostering an environment that's positive, collaborative and supports that goal. The preferred candidate will be able to demonstrate a strong financial standing, sufficient liquidity and the resources necessary to develop a location/territory. To be considered for an Office Evolution franchise, you must meet the following requirements: *Have at least $150,000 in cash or liquid assets and total net worth of $300,000 *Provide $35,000 franchise fee per location -

Financing Options

 
Office Evolution Franchise
PEAK Elevator Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees -/Yes -/-
Start-up Costs -/Yes -/-
Equipment -/Yes -/-
Inventory -/Yes -/-
Receivables -/Yes -/-
Payroll -/Yes -/-

Training & Support

 
Office Evolution Franchise
PEAK Elevator Franchise
Training We offer training updates for your staff On-The-Job Training: 15 hours Classroom Training: 25 hours 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 Office Evolution has established an expert support team that has developed the operational processes, experience and marketing that has built our concept to what it is today. Not only will you receive start-up support for the important aspects of the business including technology, phone systems, and real estate, you will continue to receive support after you open. We will hold regular conferences to provide updated tools and ideas, offer training updates for your staff and share new developments and experiences from other franchisees in other markets. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection 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 Regional Advertising Social media SEO Website development Email marketing -
Operations Absentee Ownership Allowed Number of Employees Required to Run: 1 -

Expansion Plans

 
Office Evolution Franchise
PEAK Elevator Franchise
US Expansion Yes Yes
Canada Expansion Yes -
International Expansion - -

Start-Up Costs and Fees Mobile

Investment
Office Evolution Franchise
$127,000 - $961,000
PEAK Elevator Franchise
$100,500 - $283,000
Franchise Fee
Office Evolution Franchise
$39,500
PEAK Elevator Franchise
$17,500 - $35,000
Royalty Fee
Office Evolution Franchise
7.5%
PEAK Elevator Franchise
6%
Advertising Fee
Office Evolution Franchise
3%
PEAK Elevator Franchise
0.5% Nat'l + 0.5% local
Year Founded
Office Evolution Franchise
2003
PEAK Elevator Franchise
-
Year Franchised
Office Evolution Franchise
2013
PEAK Elevator Franchise
-
Term Of Agreement
Office Evolution Franchise
-
PEAK Elevator Franchise
7 years +5+5
Renewal Fee
Office Evolution Franchise
-
PEAK Elevator Franchise
-


Business Experience Requirements

Experience
Office Evolution Franchise
Franchisees must enjoy contributing to the success of their small business clients and fostering an environment that's positive, collaborative and supports that goal. The preferred candidate will be able to demonstrate a strong financial standing, sufficient liquidity and the resources necessary to develop a location/territory. To be considered for an Office Evolution franchise, you must meet the following requirements: *Have at least $150,000 in cash or liquid assets and total net worth of $300,000 *Provide $35,000 franchise fee per location
PEAK Elevator Franchise
-

Financing Options

  In-House/3rd Party
Franchise Fees
Office Evolution Franchise
-/Yes
PEAK Elevator Franchise
-/-
Start-up Costs
Office Evolution Franchise
-/Yes
PEAK Elevator Franchise
-/-
Equipment
Office Evolution Franchise
-/Yes
PEAK Elevator Franchise
-/-
Inventory
Office Evolution Franchise
-/Yes
PEAK Elevator Franchise
-/-
Receivables
Office Evolution Franchise
-/Yes
PEAK Elevator Franchise
-/-
Payroll
Office Evolution Franchise
-/Yes
PEAK Elevator Franchise
-/-

Training & Support

Training
Office Evolution Franchise
We offer training updates for your staff On-The-Job Training: 15 hours Classroom Training: 25 hours
PEAK Elevator Franchise
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
Office Evolution Franchise
Office Evolution has established an expert support team that has developed the operational processes, experience and marketing that has built our concept to what it is today. Not only will you receive start-up support for the important aspects of the business including technology, phone systems, and real estate, you will continue to receive support after you open. We will hold regular conferences to provide updated tools and ideas, offer training updates for your staff and share new developments and experiences from other franchisees in other markets. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
PEAK Elevator Franchise
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
Office Evolution Franchise
Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing
PEAK Elevator Franchise
-
Operations
Office Evolution Franchise
Absentee Ownership Allowed Number of Employees Required to Run: 1
PEAK Elevator Franchise
-

Expansion Plans

US Expansion
Office Evolution Franchise
Yes
PEAK Elevator Franchise
Yes
Canada Expansion
Office Evolution Franchise
Yes
PEAK Elevator Franchise
-
International Expansion
Office Evolution Franchise
-
PEAK Elevator Franchise
-

Company Overviews

About Office Evolution

Exciting Growth Opportunities Ahead for Business Services

Founded in 2003, Office Evolution has always approached private office space and virtual office space markets from a unique, entrepreneurial perspective. Our determination to offer sole proprietors and small businesses real business solutions has turned the idea of expensive executive offices and impersonal virtual office and co-working spaces on its head. Our efforts have resulted in a growing number of business centers located in key metro areas throughout the United States.

More and more people are seeking self-employment as an alternative to a possibly fickle and often frustrating corporate reality. Self-employment rates have been growing at an average of 4.5 percent annually most of this decade, adding roughly 1 million people per year, and across the country, enrollment in entrepreneurship programs at universities is booming, according to a recent Entreprenuer.com article by Jason Daley. With the advent of mobile computing and cloud technology, the opportunities for entrepreneurs are exploding. They no longer need an office, staff and equipment to get started in business and the cost of entry can be very low.
The best strategy is to stay flexible, keep things simple and focus on their business: a virtual office could be the perfect solution!

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.