MultiVista vs PEAK Elevator Franchise Comparison

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

Start-Up Costs and Fees
 
MultiVista Franchise
PEAK Elevator Franchise
Investment $141,500 - $548,500$118,000 - $283,000
Franchise Fee $20,000 - $157,500$35,000
Royalty Fee 18%6%
Advertising Fee 2%0.5% Nat'l + 0.5% local
Year Founded 2003-
Year Franchised 2007-
Term Of Agreement -7 years +5+5
Term Of Agreement -7 years +5+5
Renewal Fee --


Business Experience Requirements
 
MultiVista Franchise
PEAK Elevator Franchise
Experience --

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

Training & Support
 
MultiVista Franchise
PEAK Elevator Franchise
Training On-The-Job Training: 26 hours Classroom Training: 352 hours Additional Training: Online self-study with corporate trainer assistance 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 Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software 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 National Media Regional Advertising Social media SEO Email marketing -
Operations Absentee Ownership Allowed

Number of Employees Required to Run: 3 - 5

-

Expansion Plans
 
MultiVista Franchise
PEAK Elevator Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About MultiVista

Build Something With Multivista
Multivista Systems LLC is seeking solution sales-oriented entrepreneurs, interested not only in opening a location, but in building a business. We provide all of the tools and training needed to deliver our industry leading, state-of-the-art Construction Documentation Services into new markets, and opportunities are available both in the U.S. and internationally.
Why Multivista
We are state-of-the-art. Connecting solutions to clients, no one does construction documentation the way we do. We have the most in depth, highly developed visual documentation in the industry. Founded in Vancouver, British Columbia in 2003, and introduced into the United States in 2006, Multivista has grown to 43 offices worldwide and has contracted almost one billion square feet of construction projects (as of October 2013). Our documentation portfolio represents projects from virtually every vertical market in the construction industry. Multivista provides an elegant, simple solution to a complex problem. We combine service and software to tell the complete project story: a unique mixture of construction, business and technology professionals working together to provide this solution. Leveraging proprietary methodologies and software solutions to deliver photo, video and webcam services, Multivista stands out as a sophisticated, well developed and supported business opportunity.
What is Multivista
Multivista is a visual documentation technology company that provides photo, video and webcam services to the construction industry. Inspection-grade, digital photography is indexed to architectural plans by time and location, preserving a perfect record of every aspect of the project lifecycle. Capturing live and dynamic project activity, Multivista's construction webcam and video services complete the total documentation package. All photo, video and webcam data is integrated into one robust, online platform customizable to fit the daily workflow and needs of every project stakeholder.

"Entrepreneur
#494 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.