- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$155K - $182K
- Units as of 2022
70 6.1% over 3 years
Precision Concrete Cutting is a trip hazard removal company that uses unique techniques to correct ineffective sidewalks. The company was founded in 1991, just one year after the Americans with Disabilities Act of 1990, which requires all buildings and sidewalks to be easily accessible by people with disabilities. Thus, Precision Concrete Cutting was born.
Precision Concrete Cutting, which began franchising in 2002, came to be after creator Ballard Gardner realized that the sawing method used for correcting ineffective sidewalks was messy and took too much time. Gardner then got the idea to design equipment that could deliver seamless results within a short period. Since the equipment was Gardner's invention, he decided to patent the equipment and created a business.
Precision Concrete Cutting’s headquarters is located in Provo, Utah.
Why You May Want to Start a Precision Concrete Cutting Franchise
Precision Concrete has received many awards for its technological advancements in American concrete cutting. There are over 50 Precision Concrete Cutting franchise units in operation around the U.S. and Canada. As a franchisee, you'll remove trip hazards in concrete sidewalks outside schools, hospitals, residential buildings, shopping malls, universities, and around the city.
Aside from the marketing that comes with the brand name, Precision Concrete Cutting offers extensive marketing tools to ensure your business receives constant traffic. Every time you need assistance in operating the company, Precision Concrete Cutting will assign a franchise representative to help resolve the issue.
What Might Make a Precision Concrete Cutting Franchise a Good Choice?
Precision Concrete Cutting is a growing business that allows franchisees to renew their term of agreement for a sum after ten years of operation.
Franchises are available in select states, including Alaska, Maine, New Hampshire, New Mexico, New York, Ohio, Texas, and Vermont.
As part of the franchising process with Precision Concrete Cutting, potential franchisees will need to meet the company's set net worth and liquid capital. Franchisees may also need to pay a franchise fee along with an undetermined, initial investment range. The investment range may depend on the equipment, training, rent, wages, permits, licenses, and other various charges needed to open a franchise location. Precision Concrete Cutting will also collect a yearly royalty fee and advertising fee on the franchisee's gross income.
As you explore the franchising process, it might be a good idea to consult a financial planner and an attorney to ensure you are financially ready and able to take on a franchise location with Precision Concrete Cutting.
How Do You Open a Precision Concrete Cutting Franchise?
After submitting your initial franchising inquiry, a Precision Concrete Cutting representative will walk you through the franchising process. If you are chosen to franchise, you will complete the mandatory training and meet with other Precision Concrete Cutting franchisees.
Franchisees may also receive help when choosing their territory and setting up as they prepare for a grand opening. Franchisees pride themselves on completing a job quickly and leaving the sidewalks better than the way they were found.
About Precision Concrete Cutting
|Related Categories||Miscellaneous Maintenance Businesses, Building & Remodeling, Building Services, Miscellaneous Home-Improvement Businesses, Concrete Maintenance|
|Leadership||Aaron Ollivier, CEO|
3191 N. Canyon Rd.
Provo, UT 84604
|Franchising Since||2002 (21 years)|
|# of employees at HQ||8|
This company is offering new franchisees worldwide.
This company is offering new franchisees in the following US states: Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
|# of Units||70 (as of 2022)|
Information for Franchisees
Here's what you need to know if you're interested in opening a Precision Concrete Cutting franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
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. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
|$155,000 - $181,500|
Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Ad Royalty Fee
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. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Term of Agreement
Definition: The length of time your franchise agreement will last.
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 franchise term renewable?||Yes|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
|On-The-Job Training||13 hours|
|Classroom Training||5 hours|
Meetings & Conventions
Security & Safety Procedures
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||No|
Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
|# of employees required to run||7-10|
Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Franchise 500 Ranking History
Compare where Precision Concrete Cutting landed on this year's Franchise 500 Ranking versus previous years.
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