How to break down Pirtek franchise?
What is Tier 1 Pirtek?
What is Tier 2 franchise?
How much does a PIRTEK franchise make?
The average PIRTEK franchisee earns $100k in revenue per year and only works 30-40 hours per week! If you're interested in owning your own business, then this opportunity could be right up your alley. All you have to do is read our free guide on how to start a small business and apply today!
Is PIRTEK a good franchise?
Whether you want to shake up your career or diversify your investment portfolio, partnering with PIRTEK is an excellent option to invest in a successful franchise brand with over four decades of hydraulic hose repair experience. If you want to build an industrial franchise business based on trust, open a PIRTEK.
Who owns PIRTEK USA?
PirtekFounded1980Key peopleStephen Dutton (CEO)ProductsIndustrial pipingOwnerDuncan familyWebsitewww.pirtek.com3 more rows
Who started PIRTEK?
Pirtek was established by Peter Duncan AM. in Sydney in 1980 and remains a family-owned operation having expanded to 24 countries with more than 430 Service and Supply Centres and 1750 mobile service units servicing more than 200,000 customers with more than 13,000 product lines.
Does pirtek make brake hoses?
PIRTEK's industrial hoses are made with reinforced materials capable of withstanding demanding situations, offering a long service life. In addition to our many hydraulic and industrial options, we also carry D.O.T. (Department of Transportation) approved air brake hoses and fittings.
How much does it cost to buy a PIRTEK franchise?
Franchisees can expect to make a total investment of at least $160,000 - $633,000. PIRTEK USA charges a franchise fee of $49,000.
What is Pirtek marketing?
Advertising and Marketing: Focus on building your business from day one. PIRTEK supports franchisees with marketing material, promotional items and sales programs to support their growth. PIRTEK also participates in a mix of marketing channels including, SEO, national print magazines, newsletters, email campaigns, as well as national sports sponsorship programs.
How does Pirtek reduce downtime?
With over 40 years of franchising experience, PIRTEK reduces equipment downtime by repairing and maintaining hydraulic and pneumatic powered machines, keeping machines and businesses operation.
How long is the PIRTEK training?
Certified Training: PIRTEK offers its program to you and your entire team. Depending on the position, the training program ranges from one to two weeks. It covers sales, marketing, accounting, administration, IT and technical training. It also offers certifications recognized by the International Fluid Power Society.
Is Pirtek a B2B company?
PIRTEK is a unique B2B franchise and one of the few industrial franchises available. Where there's industry, there's demand for hydraulic and industrial hose replacement. With over 40 years of experience, PIRTEK reduces equipment downtime by repairing and maintaining hydraulic and pneumatic powered machines, keeping businesses in operation.
How much does a Pirtek franchise cost?
PIRTEK has a franchise fee of up to $50,000, with a total initial investment range of $386,300 to $869,300. The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 89 franchised PIRTEK locations in the USA.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
Is Pirtek a franchise?
PIRTEK is a Franchise Grade Made The Grade™ franchise, which means it's ranked highly by our analysts!
Background
Pirtek USA franchisees provide hydraulic and industrial hose assemblies and related products and services to industrial customers. Franchisees sell their products and services at a Pirtek center, but also provide mobile services and equipment at the customer's job site or place of business.
Company Details
Established: Founded in Australia in 1980 / Established in the US in 1996 Franchised Units: US: 55 / Globally: over 400 Company Owned Units: US 3; 2 of which are located in the Los Angeles area and are currently for sale. Projected New Units (12 Months): 6-8. Franchise Agreements signed for Nashville, TN; Houston, TX and Grapevine, TX.
Support and Training Offered By Pirtek USA
Financial Assistance Provided: Yes! A key component to SBA lending is for any lender to understand our business model. Wells Fargo is that lender. Pirtek has partnered with Wells Fargo to assist franchise candidates in securing financing through the SBA for business loans.
Franchises Similar to Pirtek USA
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
What is a PIRTEK corporate team?
Marketing: The PIRTEK corporate team helps with your marketing and advertising needs so you can focus on building the business. PIRTEK provides options for marketing materials, promotional products and sales programs to support growth. Our years in the market enable us to build partnerships and marketing programs with world‐class organizations such as Team Penske.
How many service centers does Pirtek have?
The business boasts 400+ Service & Supply Centers and a fleet of Mobile Service Vehicles in 23 countries. A PIRTEK franchise can capitalize on opportunities wherever industrial equipment is used - virtually everywhere.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
What is a 1.5 % franchisor fee?
1.5-3%. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide.
What is royalty fee for franchise?
This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
How long is a franchise agreement?
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
Is Pirtek a B2B franchise?
PIRTEK is a unique B2B franchise and one of the few industrial franchises available. Where there’s industry, there’s demand for hydraulic and industrial hose replacement. Countless pieces of equipment operate via hydraulics or pneumatics, requiring regular hose replacement. PIRTEK franchise owners reap the benefits of that ongoing need, building successful businesses and creating the lifestyle they’ve dreamed of. With over 40 years of franchising experience, PIRTEK service based franchises reduce equipment downtime, keeping machines and businesses operating.
How to break down Pirtek franchise?
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.
What is Tier 1 Pirtek?
Tier 1 franchises are our classic model, that includes a brick and mortar store along with vehicles to make mobile repairs. Tier 2 franchises, on the other hand, only offer mobile services from two or more vehicles, and have a few years to expand into a Tier 1 franchise. While both of these tiers have the potential for growth, the PIRTEK franchise costs for each are very different.
What is Tier 2 franchise?
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: