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Tier 1 Costs
The estimated initial investment for a Tier 1 franchise starts at around $347K. Factors like the size and location of your business will determine exactly how much you’ll need to spend. Our Tier 1 hydraulic franchises are comprehensive businesses that include a retail store complete with staff, along with a number of vehicles to offer service on-the-go. A Tier 1 franchise allows franchisees to work with clients in construction, agriculture, food service, and many other industries that rely on hydraulic technology. We’ve developed a detailed breakdown of just about all the costs you should anticipate with a Tier 1 franchise, including:
- Rent and security deposit on your location
- Leasehold improvements
- Initial franchise fee
- Shop signage and equipment
The cost of the Tier 1 franchise is higher than a Tier 2 franchise, but this model allows you to offer more products and services to the people of your community, significantly impacting the size of your customer base. We expect our Tier 1 franchisees to have a net worth of around $750K.
Tier 2 Costs
If you’re not ready to make the investment in a Tier 1 franchise, a Tier 2 business is the less expensive of the PIRTEK franchise tiers. These franchises do business exclusively using Mobile Sales & Service units, e.g. company vehicles. With an estimated initial investment starting around $162K, this is a great option for investors who want to start an industrial franchise but aren’t ready to make the larger investment in a Tier 1 business. The best thing about a Tier 2 franchise is that it’s a scalable investment: these franchisees should plan on expanding into a Tier 1 franchise within a few years. Ideally, a Tier 2 franchise will allow them to generate the income and establish the customer base that will make this expansion possible. Costs included in the Tier 2 franchise investment include:
- Mobile Sales & Service Units
- Training expenses
- Computer systems
- Five months of operating expenses
See Our FDD For More Details
The best way to break down the PIRTEK franchise options is by requesting a copy of our franchise disclosure document (FDD). The FDD includes detailed information on what is covered in each of the PIRTEK franchise tiers, and also breaks down franchisee obligations for each. You’ll find out exactly what you should expect to pay in franchise fees, along with other franchisee obligations. Furthermore, the FDD provides information on the training and support you’ll receive, demonstrating how we help investors to get their hydraulic franchises up and running.
Ready to review our FDD and learn more about the PIRTEK franchise tiers?
Contact us today to request a copy!