Q: What is the next step in getting my Parking lot maintenance & pavement specialists franchise started?
A: The next step is to complete and submit the Online Qualification Application. This does not obligate you in any way. The information is simply used to determine whether or not owning a Fireman’s Contractors business may be right for you. Upon receipt and review, we will have someone contact you.
Q: What are the financial requirements associated with this franchise opportunity?
- Initial Franchise Fee: $35,000 Investment Range (excluding equipment & working capital): $$76,835 – $ 153,300
- Liquid Capital Required: $100,000 to $250,000+
- Net Worth Required: $250,000+
- Royalty: 5% of net sales (net sales = gross sales minus taxes, refunds and discounts)
- Marketing Fee: 4% of net sales (net sales = gross sales minus taxes, refunds and discounts)
(2% Regional, 2% Local)
- Terms of Contract: 10 years, plus a two additional five-year terms options
Q: What is franchising? How does it work?
A: Simply put, franchising is a way for a business to expand beyond its original owners. The most common form of franchising is a business format franchise, where the franchisor contributes certain elements of the business and the franchisee contributes certain elements. The power of franchising is realized through the combination of the contributions from the two participants. Franchisees pay initial franchise fees and then ongoing royalties for access to the format the franchisor has developed and for ongoing enhancements to the system.
The franchisor contribution will include the brand/trademark for the concept, the business system (commonly called the operating system), and initial and ongoing support as the franchisee builds his or her business.
The franchisee contribution involves the management skills to run the business day-to- day using the franchisor provided brand and system, and capital to fund the opening and continued operations of the business. In addition, the franchisee brings a level of desire and interest in having the business succeed that is essential to franchising – and is something the franchisor can’t replicate on its own.
There is a contract – called the Franchise Agreement – signed by both parties that governs the relationship between the franchisor and franchisee and explains in detail the responsibilities of both sides. The franchisor is required to provide a copy of the Franchise Agreement and this contract will provide a roadmap for the duration of time the agreement is effective.
Q: What qualifications does Fireman’s Contractors seek in its potential franchisees?
A: The following qualifications, among others, are essential to be considered for a Fireman’s Contractors franchise:
- An entrepreneurial spirit and strong desire to succeed.
- The ability to motivate and train people.
- The ability to manage finances.
- The willingness to personally devote full time and best efforts to the day-to-day operation of the parking lot maintenance & pavement specialists as an franchisee.
- The willingness to complete a comprehensive training and evaluation program to become proficient in all aspects of running the business.
- The ability to meet financial qualifications.
Q: What is the availability of territory in my area?
A: The availability of franchises in specific areas will be discussed during your initial interview. However, as you can appreciate, Fireman’s Contractors cannot predict which territories will be available when your application and qualification process is complete.
Q: What is the term of the franchise agreement?
A: Your franchise agreement will have an initial term of 10 years, plus a two additional five-year renewal options.
Q: Is there a continuing royalty fee?
A: The continuing royalty fee is 5% of net sales (net sales = gross sales minus taxes, refunds and discounts), paid weekly through electronic funds transfer.
Q: Is there an advertising fee?
A: Currently, there is a requirement to contribute 2% to the Advertising and Development funds. In addition, there is a requirement to spend 2% of net sales on local advertising.
Q: How long does it take to open a Fireman’s Contractors Business?
A: We hesitate to give time frames due to the number of variables that exist. Usually, a Fireman’s Contractors Business can be opened within weeks from the time the qualification and training process is complete to start working. Many factors influence the time.
This timeline may vary due to the following factors:
- The number of existing franchisees who are on the waiting list in your area.
- Arranging financing.
- Purchasing your machines, equipment, tools, supplies, etc.
Q: Do I receive training from Fireman’s Contractors?
A: Our current training program offers hands-on experience in operating a Firemans Contractors franchise at a training facility/on-the-job/onsite. We also provide additional training for your management staff and a Firemans Contractors franchise Support representative will be on your site during opening.
Q: What type of support will I receive?
A: The Fireman’s Contractors team will provide guidance regarding standards, specifications,
operating procedures, marketing and purchasing equipment and products. A series of manuals are also provided that will assist you in the operation of your Fireman’s Contractors franchise business.
For more information regarding Firemans Contractors Franchise please call our Director of Franchise Development at: 800.475.1479
Firemans Contractors – Contractors You Can Trust ®