Owning a PEAK Elevator™ Franchise
What experience do I need to become a PEAK Elevator™ franchise owner?
Ideally, franchisees will come from within the vertical transportation industry and have some experience with elevator and escalator maintenance, repair and installations. Whether you are an existing elevator company owner already providing services to a current client base, or an individual inspector, consultant, service tech, sales rep, or other industry professional currently working under an employment arrangement, we have program options that suit different candidate profiles. We look for franchise candidates who are hard-working, reliable, and able to build relationships with team members and clients alike. All franchisees will be required to meet all licensing requirements for the location of their franchise that will enable them to perform all of the services offered by PEAK Elevator™.
What is provided as part of the PEAK Elevator™ franchise system?
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. Also, 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. If you are looking to own your own elevator business, contact PEAK Elevator™ today and get in on the ground floor of this unique opportunity!
How much will the PEAK Elevator™ franchise investment cost me?
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.
Are there other ongoing fees paid to the franchisor?
Franchisees will pay a royalty fee of 6% of gross revenues. These fees allow us to fund our ongoing support services and the continued development of services, marketing tools, training programs, and systems upgrades.
Are there any advertising fees?
Franchisees will be required to spend a minimum of 0.5% of gross revenues on local marketing. Franchisees will also contribute up to 0.5% of gross revenues into the system marketing fund. Collected funds will be used to develop marketing strategies to promote the PEAK Elevator™ brand and fund the creative costs to develop local franchise marketing materials and campaigns.
What is the term of the franchise agreement?
The initial term of your franchise agreement is seven years, with two additional successor agreement options of five years each.
How do I get started in the elevator business?
If you are interested in learning more about opening an elevator service business with a PEAK Elevator™ franchise, click here to request more information, or contact us at 303.466.6231 / Option 5 or firstname.lastname@example.org to discuss the possibility of setting up a meeting, speaking with key franchise management staff, and receiving our FDD (Franchise Disclosure Document) which contains all the important details you will need to make an informed decision.