Pirtek is a B2B franchise operator, providing industrial and hydraulic hose services to organizations across Canada and beyond. One of the very few industrial businesses offering franchise opportunities, they say their goal is to succeed as the globe’s top hydraulic and industrial hose service business – and they’re looking for like-minded entrepreneurs to help get them there.
Launched in Australia in 1979, Pirtek has been offering franchises since 1986. With headquarters in Rockledge, Florida, the company claims to be the world leader in industrial and hydraulic hose services. Providing support to manufacturing, marine, transport, construction and waste and recycling businesses, they operate in 24 countries and have over 500 locations and more than +1500 mobile service vehicles worldwide.
Pirtek Restaurants at a glance:
You’ll need a net worth of $250,000 to $750,000 and anywhere from $100,000 to $500,000 in available cash to qualify. Expect to spend up to $650,000 to get started. Additionally, although the company says you don’t need prior experience in this field, or even need to be technically savvy, you can’t run this franchise as a ‘hands off’ business if you’re going in alone. Pirtek demands that individuals directly manage and supervise their business on a daily basis. However, if you’re buying into Pirtek as a corporation, you can designate a key individual to take care of the day to day running of the franchise.
Starting a Pirtek franchise will cost between $200,000 and $650,000 depending on the type of franchise you choose. This gives this opportunity a cost rating that ranges from low to moderate. The company currently offers two types of franchise:
The initial franchise fee is $50,000. There is a $15,000 franchise fee discount for veterans.
After opening, you’re required to pay an array of ongoing fees and charges. They include:
| Key Costs Guide | Low | High |
|---|---|---|
| Franchise fee | $50,000 | $50,000 |
| Opening set up fee | $0 | $14,000 |
| Technology set up fee | $5,000 | $10,000 |
| Computer system | $3,000 | $5,000 |
| Training expenses – lodging, travel, etc | $2,000 | $15,000 |
| Opening inventory | $55,000 | $120,000 |
| Insurance premiums | $20,000 | $40,000 |
| Mobile service units (vehicles) if leased | $64,000 | $270,000 |
| Mobile service units (vehicles) if paid for | $58,000 | $87,000 |
| Attorneys’ fees | $2,000 | $5,000 |
| Other operational costs – five months | $50,000 | $250,000 |
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Yes. While exact figures vary, the average Canadian Pirtek franchise has gross revenues of $600,000 to $1million per year and net profits of 10% to 15%. Typically, it takes 1 to 3 years to recoup your initial investment.
Low to moderate. Canadian Pirtek franchises have a failure rate of 3% to 7% per year.
Low to moderate start-up costs, solid revenues, low to moderate failure rate, an industry that is almost recession proof and a franchise network that is growing at a rate well above the norm. What’s not to like about that? Yes, you’ll need a chunky cash pile to qualify, and if you go all-in on a Tier One franchise and a fleet of service trucks, your opening costs will be headed towards three quarters of a million dollars, but Pirtek has few real competitors in the sector, and they’ve been around for 40 years. If engineering and machinery is your thing and you like to get your hands dirty while making money in the process, a Pirtek franchise may be the opportunity for you.
Franchisees receive an exclusive operating territory, usually with boundaries defined by county lines, highway, streets, zip codes or waterways. During the term of your franchise agreement, Pirtek promises not to establish either another company owned or franchised Pirtek Hose Service Center within your territory or modify your territory without written permission, provided that your operation meets Pirtek’s minimum sales targets for your territory.
Pirtek support for franchisees includes:
It begins with an application. Start the process today.
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Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance.
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