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Entrepreneur: Start & Grow Your Business

Nationwide Lifts Inc.

Residential elevators & dumbwaiters

Background

Founded: 1998 Franchising since: 2004
11 Broad St.
Glen Falls, New york 12801
Phone:
(888)323-8755


Franchisor has 10 employee(s); 3 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2006 8 0 0 2
2005 1 0 0 2

Where Seeking Franchisees

Exclusive territories available.
Territory size: 1 million population minimum

Costs and Fees

Total investment: $39.8K-69.5K
Franchise fee: $25K
Ongoing royalty fee: 5%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Business Experience:
  • General business experience
  • Sales skills

Operations
  • Franchise can be run from home
  • 8% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 3 - 5
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 3 days
  • At manufacturing plant : 5-10 days

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Internet
  • Field operations/evaluations

Marketing Support
  • Ad slicks
  • Regional advertising