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Updated RecentlyTransworld Business Advisors vs PEAK Elevator Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Transworld Business Advisors vs PEAK Elevator including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $74,855 - $97,185 | $118,000 - $283,000 |
| Franchise Fee | $49,500 | $35,000 |
| Royalty Fee | 8% | 6% |
| Advertising Fee | $150/mo. | 0.5% Nat'l + 0.5% local |
| Year Founded | 2010 | - |
| Year Franchised | 2010 | - |
| Term Of Agreement | - | 7 years +5+5 |
| Term Of Agreement | - | 7 years +5+5 |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | Transworld Business Advisors will provide complete training and support on all indispensable services needed to buy or sell a business, including: *Listing a business for sale *Providing business valuations *Identifying and qualifying buyers *Marketing a business *Arranging financing *Managing due diligence *Coordinating closing *Guiding buyers and sellers through the entire sales process You receive the training and support that incorporate proven techniques so that you can achieve success fast. You have access to a network of business owners who have been through the exact same experience. Networking and support from other owners is a priceless resource in business ownership. On-The-Job Training: 33 hours Classroom Training: 70 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 | Ongoing Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations 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 | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | - |
Company Overviews
About Transworld Business Advisors
Transworld Business Advisors began in 2007 by Transworld Business Brokers and United Franchise Group
Transworld Business Advisors is basically three integral organizations moved into one: business financier, establishment counseling, and establishment advancement. The financier side effectively puts purchasers and dealers of organizations together; the establishment counseling side gives business visionaries access to more than 200 pre-screened establishment, and the establishment advancement benefit helps individuals in developing their organizations through diversifying.
Transworld Business Advisors has more than 25 years business financier and establishment encounter, and has helped a great many individuals in the buy and offer of organizations. Full preparing and support, no experience is fundamental.
Master License Opportunities Globally
We also award very unique MASTER LICENSE opportunities for targeted countries/regions to qualified individuals and companies.
A master license grants the owner the exclusive development privileges for the brand and generates a very positive cash flow stream from the selling of franchises and collecting royalties.
Veteran Incentives 10% off franchise fee
#119 in Franchise 500 for 2020.
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.