When deciding how to launch a new business venture in the hydraulic and industrial hose replacement industry, one of the main questions at the forefront of entrepreneurs’ minds is, “How much will it cost to open an industrial franchise?”
Start-up costs are a common concern across most industries, so it only makes sense that a potential franchise owner would want to know the level of investment they will need to get their new business opportunity off the ground.
At PIRTEK, we offer flexible options to help you find the right opportunity when building a new franchise with us without having to commit more of an investment than is feasible.
The cost of replacing hydraulic and industrial hoses can be significant, and we know running a business around this invaluable service can be expensive without the proper business model and systems in place. That is why we have divided PIRTEK’s franchising options for interested entrepreneurs into two separate tiers.
Our first tier is for investors confident in their ability to run a full-scale hydraulic and industrial hose replacement company from day one. Our second tier is designed for cautious investors who want to gain a handle on mastering the responsibilities of a hydraulic and industrial hose replacement business first and then expand their franchise’s operations in the future.
Tier 1 PIRTEK Franchise Investment Opportunity
PIRTEK’s Tier 1 franchises are designed to let new franchisees hit the ground running. The Tier 1 franchise offers customers a dedicated retail store and staff to visit for their hydraulic and industrial hose needs, along with several vehicles that allow franchisees to provide mobile service. This model will enable them to build a more comprehensive service offering, creating a deeper and more diverse customer base.
The investment cost is steeper for those who elect to utilize a Tier 1 model. Some of the expenses you should anticipate with a Tier 1 PIRTEK franchise include:
- Rent and security deposit on your location
- Leasehold improvements
- Initial franchise fee
- Shop signage and equipment
Considering these expenses, we expect Tier 1 franchisees to have $750,000 in net worth. Jumping in with both feet will put you a step ahead in realizing the potential of your business. However, if the Tier 1 investment is too much for you at this moment. . .
Tier 2 PIRTEK Franchise Investment Opportunity
A Tier 2 PIRTEK franchise offers a bit more financial flexibility while also giving you a pathway to building your franchise to a Tier 1. Tier 2 franchisees conduct business solely through PIRTEK Mobile Sales & Service vehicles. Tier 2 franchisees should have a net worth of $250,000 for franchise startup costs related to:
- Mobile Sales & Service Units
- Training expenses
- Computer systems
- Five months of operating expenses
Additionally, a Tier 2 franchise offers a structure that allows our franchisees to scale to a Tier 1 franchise within a few years. This gives plenty of time to become accustomed to the business and industry before reaching the level of a Tier 1 PIRTEK franchise owner.
No matter which tier you initially choose, PIRTEK’s established brand name will give your franchise the boost it needs to reach the goals and ambitions that you’ve been working to pursue.
At PIRTEK, we take pride in our ability to turn your concerns about the cost of opening an industrial franchise into satisfaction with the revenue and profits that your PIRTEK franchise is able to generate!
Interested in discussing our tiers in further detail? Contact us today, and we’ll help determine the right PIRTEK franchise tier for you to start with!