ONE HOUR HEATING AND AIR CONDITIONING Franchise Cost and Opportunities – Review
Are you an entrepreneur interested in available air conditioning franchises for investment? This article focuses on one of such opportunities, with special focus on the One Hour Heating and Air Conditioning Franchise, with special focus on its cost implications, the franchise fee amount to be paid to the franchisor, details on the training session and the type of support the franchisor provides to its franchisees.
Also, the nature of its terms of agreements and possible renewal will be covered. With the following area given special attention, the interested franchise candidate is given the necessary information required to commence the investment process.
About One Hour Heating and Air Conditioning Franchise
This franchise opportunity with expertise in the maintenance, repair and replacement of residential HVAC was founded in 1999. It however opened its franchising arm four years later in 2003.
With its corporate headquarters located in Sarasota, Florida, the One Hour Heating and Air Conditioning franchise has Direct Energy as its parent company.
Benefits of Joining One Hour Heating and Air Conditioning Franchise
With much potential in this area of investment, the entrepreneur is covered by a long established strong brand reputation which this franchise has gathered through a long standing tradition of professionalism, dedication and expertise.
With its business model made available to the franchisee, all the franchisee has to do is simple follow the laid down guidelines, as the business model has been tested and proven time and again, with remarkable rewards.
One Hour Heating and Air Conditioning Franchise Cost
As expected, every investment opportunity has its attendant cost implications. For the One Hour Heating and Air Conditioning franchise, the cost implications cover the following; an Initial Investment sum starting from $77,055 to $552,300. Also, there is a liquid cash requirement which the franchise candidate must present. This requirement is in the sum of $150,000.
The One Hour Heating and Air Conditioning Franchise Fee
The franchise fee required by this franchisor grants the franchisee the rights to use the logo, and also operate under the One Hour Heating and Air Conditioning franchise brand name.
Also, the business model used by the franchisor is exposed to the franchisee; with additional support and training provided to enable the franchisee successfully implement the business model and secrets. The franchise fee is made up of an Initial Franchise fee starting from $43,000.
One Hour Heating and Air Conditioning Franchise Start Up Costs
The start up cost for the One Hour Heating and Air Conditioning franchise consists of ongoing fees which the franchisee is expected to pay the franchisor. The ongoing fee covers fees that include an Ongoing Royalty fee of 5% and an Ad Royalty fee of 3%.
One Hour Heating and Air Conditioning Franchise Training and Support
Franchisees are taken through a period of mandatory training that spans a period of 4 days at its corporate headquarters and another 10 day on-site training all aimed at adequately transferring knowledge to ensure the new franchisee hits the ground running, with minimal delay. Also, the franchisor makes provision for additional training held at regional and national training sites.
In the area of support, the franchisor provides both support and marketing support to its franchisees. Its ongoing support covers areas such as field operations, a periodic meeting and newsletter publication, internet services, a toll-free line, and security.
Others include a grand opening ceremony, and purchasing cooperatives. For marketing support, it covers aspects like advertisements in both regional and national media, ad slicks, and cooperative advertising.
One Hour Heating and Air Conditioning Franchise Available Financing Options
There are financing options made available by the franchisor. These include a veteran’s incentive program run by the franchisor that discounts 10% off the franchise fee. There is also an in-house financing arrangement that covers the franchise fee.
Also, the franchisor maintains a third party relationship with financing sources that provide financing to cover areas such as the payroll, equipment, inventory, accounts receivable, the startup cost and the franchise fee.
One Hour Heating and Air Conditioning Franchise Application and Terms of Agreement
The terms of agreement of the franchisor covers the business rules and procedures. These would be the framework which guides the business transaction between the franchisee and the franchisor. it is usually legal in nature, and in most cases, the franchisor sets most of the terms.
However, if these terms are not acceptable to the prospective franchisee, they have the rights of withdrawal from commitment to the business deal during the signing process.
Renewal of the contract is subject to the information contained within the terms of agreement document which is the Franchise Disclosure Document (FDD). For the One Hour Heating and Air Conditioning franchise, the contract renewal information is not supplied, but such information will be available during the signing of the terms of agreements.
How to Start a One Hour Heating and Air Conditioning Franchise?
To own a One Hour Heating and Air Conditioning franchise, first indicate your interest in the online application form made available to prospective franchisees in the franchise section of its website. This form should be carefully filled and submitted. The whole of the application process is done online.
The submitted form is screened to ensure the qualification of the applicant for ownership. Successful applicants are contacted by the franchisor through a representative using the contact details supplied during the application process. Further discussions are entered into regarding the ownership process.
This article has supplied the basic information on the One Hour Heating and Air Conditioning franchise, and specifically targets interested franchise candidates. Using the information supplied here, franchise candidates are able to make informed investment decisions that will prove profitable in the long run.