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Updated RecentlyWaterway Co-op vs SirVent Chimney and Venting Services Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Waterway Co-op vs SirVent Chimney and Venting Services including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $100,000 - And Up | $45,682 - $145,242 |
| Franchise Fee | $30,000 | $35,000 |
| Royalty Fee | 0 | 6% |
| Advertising Fee | 0 | 6% |
| Year Founded | - | - |
| Year Franchised | - | - |
| Term Of Agreement | - | 5 years +5+5+5 |
| Term Of Agreement | - | 5 years +5+5+5 |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | You must have an interest in the fire-fighting industry. Ideally be a career or volunteer fire-fighter or know someone with that background who can participate. Should be able to find funds for the one time franchise fee of $30,000, which gives you the rights to the custom built Waterway testing system, the marketing and advertising designs, network support and training, the 24 hour software test record program.. and 20 years of experience! Plus a further $30,000 for all the hose and ladder testing equipment- the pump, adaptors, hose rolling tables, ladder testing tools... everything you need to get started. This EXCLUDES the trailer which will need to be purchased separately for approx $6,000. You should allow for a further $15,000 - $25,000 to cover 'soft' costs such as insurance, admin, crew clothing, working capital etc. | SirVent franchise owners are not required to have prior chimney cleaning and repair or other industry-related experience, but it can be helpful to understand the basics of running a business like ours. In fact, we welcome the opportunity to open a dialogue with existing chimney and dryer vent or other home improvement businesses who wish to add the SirVent system to or convert their current operations. Regardless of your experience or background, we will provide the training and tools needed to effectively operate a quality-focused SirVent business. In general, we are seeking franchise candidates who have good communications and customer service skills, a strong work ethic, and a dedication to the local community. A solid understanding of business management is also important, and sales skills are also helpful. We expect franchise owners to have adequate capital to invest in the business, and we also expect franchise owners to be directly involved in the daily operations of the franchise business. |
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 | - | Before your business opens, we will provide you and one other person with a mandatory initial training program. Our total training program includes approximately 20 hours of webinars to be completed before you attend Level 1 training. Level 1 training lasts for approximately 11 days and covers HR, sales, pricing, customer service, job safety, service and repair procedures, marketing and advertising, and more. Level 2 training is offered two to three months after you have completed Level 1 training and have been operating your franchised business, and lasts for approximately five days. It covers more advanced inspection and repair services. Level 3 training is offered two to three months after you have completed Level 2 training, and lasts for approximately five days. Level 3 training covers additional types of heating systems, installation techniques, report writing, estimates and contracts, and more. We will also provide you and your staff with local training around the time of your location's grand opening, and ongoing on-site and remote support as needed. As a franchise owner, you will have access to all of SirVent's trademarks, approved product suppliers, and our exclusive business model and procedures. We'll also present you with a copy of our confidential operations manual to help you run your chimney and venting franchise business properly on a day-to-day basis. |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Waterway Co-op
Waterway is the fastest growing fire-hose testing company in the USA through its rapidly expanding franchise network. In most States, no formal competition anywhere means you can build your given territory your way. State of the art equipment means most efficient system for Fire Departments and virtual guarantee of repeat business. You can benefit from 30 years of experience and trade secrets. Profit opportunities from numerous services and products lead to highly lucrative returns. Low risk, steady growth and relatively low investment costs. Recession proof.. hose testing is an annual NFPA requirement. On going training and franchise support always available.. you're IN business yourself but not BY yourself. Build your own financial future with a proven business model and the experience of 30 years in the business.
About SirVent Chimney and Venting Services
SirVent is a full-service, one-stop-shop solution to meet the growing demand for fireplace, dryer vent, and chimney-related issues. SirVent is dedicated to providing their franchise owners with the training and skills they need to grow their local businesses. Franchise owners learn how to offer chimney and dryer vent repairs, replacements, cleanings, inspections, and new installations while developing a customer base within a territory that is theirs alone. The chimney and venting service industry is an area of business that is untapped and dynamic - for the right person, it's a franchise opportunity that is a step ahead of others.