Franchise News

Learn About Franchising

Pirtek Franchise

Franchise Information for Successful Business Ownership

 

Pirtek franchise specializes in manufacturing, selling and installing accessories, hoses and adapters. The franchisees of the company offer the same products and services to their potential clients. The company has many franchises spread globally operated by its franchisees. The franchisee is granted a right to operate Pirtek franchises in an entire location. The company has qualified personnel who offer reliable services within a short period. It has strong marketing base and iconic brand name. Many of its franchises are operated by franchisees. The number of employees to run a store ranges from 6 to 8.

The franchisees attend the Discovery days to learn more about Pirtek franchise. The franchisees are able to get information about training programs, investments cost and services offered. The franchisees learn about operating methods, owning a franchise and meet with staff members who will help them run their businesses. Each store has three workshops that are equipped with necessary tools and offers varied services. The store also has installed computer system used to maintain customer database. The products and services offered by franchisees must be approved by franchisor. The territories are protected and thus there is no competition. The franchisees must adhere to the company’s standing such as wearing its uniforms during operation.

To purchase a Pirtek franchise, you are required to have investment of $327,000-$576,000. The franchising fee is $48,000. Royalty of 4% of gross profits is paid monthly. You are required to have a net and liquid cash of $500,000 and $100,000 respectively to open a store. The term expires after 10 years but it can be renewed. The renewal fee is $5000. The franchisor does not offer financial assistance to the franchisee. The franchisor refers the franchisee to leasing institutions to lend money for initial investments. The loans offered are then repaid by the franchisee.

 

The franchisees undergo administrative and managerial training programs. The training is conducted at the company’s headquarters for 3 weeks. Franchisees are also trained at their stores. Their employees are trained and educated during field operations. The franchisor ensures there are required equipments and resources during grand opening. The franchisees are provided with newsletters that contain information about new products and services. Extensive promotions and advertisements through media are conducted to sell the franchisee’s business brand. Market research is conducted and information about new market services, outlets and strategies given to the franchisees. Marketing materials and kits are provided. The store is designed, constructed and necessary equipments fixed by specialists from the company.