NTC vs PEAK Elevator Franchise Comparison

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

Start-Up Costs and Fees
 
NTC Franchise
PEAK Elevator Franchise
Investment $30,000 - $150,000$118,000 - $283,000
Franchise Fee N/A$35,000
Royalty Fee -6%
Advertising Fee -0.5% Nat'l + 0.5% local
Year Founded 1997-
Year Franchised 0-
Term Of Agreement -7 years +5+5
Term Of Agreement -7 years +5+5
Renewal Fee --


Business Experience Requirements
 
NTC Franchise
PEAK Elevator Franchise
Experience --

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

Training & Support
 
NTC Franchise
PEAK Elevator Franchise
Training NTC Exclusive Agents will complete our orientation training program. Training includes many internet-based, self-paced product and sales courses. In addition, NTC can provide on-location training and ongoing on-site support.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 You will receive access to NTC's operational and financial resources to help with day-to-day operations, as well as ongoing support from a NTC representative, guidance on all promotional materials, operational updates, and company newsletters.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 Advertising is done on a local, regional, and national level. With NTC at your side, you can conduct local advertising for your own territory. NTC offers pooled co-op advertising dollars, brand guidelines, and creative support to help you achieve a great local presence.-
Operations --

Expansion Plans
 
NTC Franchise
PEAK Elevator Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About NTC

THIS IS NOT A FRANCHISE THIS IS AN OPERATOR AGENT PROGRAM Become a NTC Exclusive Agent and enjoy the personal satisfaction and financial rewards that come from helping others achieve their goals. By utilizing the knowledge, the systems and the relationships that we've developed over 12 years, you can get started immediately. If you are accepted as a NTC Exclusive Agent, we will train, certify and support you for the life of your business. By working with us, your entrepreneurial dreams can become reality. NTC Exclusive Agents have tremendous income potential. Unlike many other businesses, there is no upward limitation on income. Overhead is very low. The business may be run from home or a small office, requiring only a phone, fax and computer. The NTC corporate business development team will not only stand by you every step of the way, but also guide you through a business and financial modeling process to ensure your success. You will be in business for yourself, but never by yourself! If you are looking for an opportunity with a dynamic company in a savvy, sophisticated industry, become an NTC Exclusive Agent. Become a leader.

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.