World Payment Services vs PEAK Elevator Franchise Comparison

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

Start-Up Costs and Fees
 
World Payment Services Franchise
PEAK Elevator Franchise
Investment N/A$118,000 - $283,000
Franchise Fee N/A$35,000
Royalty Fee -6%
Advertising Fee -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
 
World Payment Services Franchise
PEAK Elevator Franchise
Experience --

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

Training & Support
 
World Payment Services Franchise
PEAK Elevator Franchise
Training -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 -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 --
Operations --

Expansion Plans
 
World Payment Services Franchise
PEAK Elevator Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About World Payment Services

The road to success starts with World Payment Services, Whether you are looking for a real business opportunity as an Agent, or simply want to refer business with our state of the art Affiliate Program, with World Payment Services you can expect unparalleled support and accountability. In addition, World Payment Services enjoys one of the highest merchant account approval rates in the industry and can gain approvals in less than 24 hours. This means you maximize your income by our approving more merchants faster. Choose the option below that works best for you to maximize your income. Become an Agent - Learn more about becoming an Agent World Payment Services is looking for independent sales agents who are interested in a proven business opportunity with unlimited profit potential. Gain the flexibility to start and build your own business with an industry leader and achieve financial success. As an Agent you get: Lifetime residual income 100% of equipment and software profit Signing bonuses Healthcare bonuses Signing advances 50% of our residual share above interchange/assessments Your own website to build your business Become a Partner - Learn more about becoming a Partner Do you have customers or clients that are an asset? Are you a POS company, software developer, website design and hosting firm, have a business opportunity offering, etc.? As a Partner you get: Lifetime residual income A highly customized compensation plan An account representative to work with you Become an Affiliate - Learn more about becoming an Affiliate Earn residuals on credit card processing transactions for every merchant you send us. You can grow your business simply by adding the World Payment Services banners, links, marketing materials, and even landing pages to your websites and emailings. Everything you need is provided. As an Affiliate you get: $50 to $200 per account 20% of residuals What you expect from a leader: Training and support provided Lifetime residual income No hard selling and no hype Be part of a growing and vital industry for businesses Brand name and first class reputation Reduced rates and fees for merchants Capitalize on technological innovations Recruit your own agents or affiliates and earn even more

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.