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Precision Concrete Cutting

2014 Franchise 500
#340
At a Glance

Products & Services: Uneven-sidewalk repair

Number of Locations: 51

Total Investment: $135K - $135K

Founded: 1991

Began Franchising: 2002

About Precision Concrete Cutting

Precision Concrete Cutting franchisees use the company's patented methods to repair uneven sidewalks sawing away trip hazards instead of the conventional method of grinding. Based in Provo, Utah, Precision Concrete Cutting was founded in 1991 and began franchising in 2002.

Franchise Units

Year U.S. Canadian International Company Owned
2014 39 4 0 8
2013 36 4 0 8
2012 32 0 0 6
2011 29 0 0 6
2010 28 0 0 3
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Alaska, Arkansas, Hawaii, Iowa, Illinois, Kentucky, Massachusetts, Maryland, Maine, Mississippi, Midwest, Nebraska, Northeast, New Hampshire, New Jersey, New Mexico, New York, Ohio, Pennsylvania, Rhode Island, South, Southeast, Southwest, Tennessee, Texas, Vermont.
Franchisor is seeking new units in Australia/New Zealand, Canada, Western Europe.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $135,000
Franchise Fee: $63,000
Ongoing Royalty Fee: 8%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $150,000
Liquid Cash Available: $75,000
Operations
Franchise can be run from home. 20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 7 - 10. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: 1 week.
Ongoing Support: Meetings, Toll-free phone line, Internet, Security/safety procedures, Purchasing cooperatives
Marketing Support: Ad slicks, Regional advertising,
Other marketing support: Sales leads, trade shows

Franchise Ranking History

Franchise 500®: #340 (2014), #496 (2012), #305 (2011), #363 (2010),
Top Home-Based: #96 (2014), #100 (2011),

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