The Best Plumbing Franchise Opportunities of 2020
Franchising offers a unique opportunity for plumbers to enter the world of entrepreneurship with little risk and optimal support. If you’re contemplating buying a plumbing franchise, VR Business Brokers of Charlotte is here to offer advice on the best plumbing franchise opportunities of 2020.
Top 3 Plumbing Franchise Opportunities in Charlotte, NC
From ongoing support and marketing tools to financial requirements and fees, there’s a lot to consider when selecting the right franchise network for you. Learn more about the top three plumbing franchise opportunities in Charlotte, NC to determine if one of these national brands is a good fit.
Ranked #93 on Entrepreneur Magazine’s 2019 Franchise 500, Rooter-Man has seen tremendous growth in recent years. This network, which consisted of more than 675 franchise locations as of 2018, specializes in commercial and residential plumbing services, as well as sewer cleaning and drain repairs.
The initial investment for a Rooter-Man franchise unit ranges from $46,750 to $137,600, with a minimum net worth of $25,000 and a liquid cash requirement of $10,000. Ongoing franchise fees and ad royalties vary, and initial franchise fees range significantly from $3,975 to $39,750. For those needing financing help, Rooter-Man has in-house financing, as well as relationships with third-parties to help offset the costs of equipment, franchise fees, and more.
As members of the Rooter-Man network, franchisees enjoy online support, field operations, a toll-free line, an intranet, marketing support, 8-16 hours of on-the-job training, 16 hours of classroom training, and an additional 2-day training seminar.
The Rooter-Man franchise is currently selling new franchise units around the world. If you’re interested in plumbing franchise opportunities with this network, contact VR Business Brokers of Charlotte, NC to learn more.
Another excellent franchise to consider is Mr. Rooter, a full-service drain cleaning and plumbing franchise network. Mr. Rooter has over 200 units in the United States and Canada, and nearly 100 units internationally.
The initial investment to buy a plumbing business from Mr. Rooter ranges from $74,975 to $182,140– a bit higher than the financial requirements of Rooter-Man. Additional fees include an initial franchise fee of $35,000, a 5-7 percent ongoing royalty fee, and 2 percent ad royalty fee.
In return, Mr. Rooter franchisees receive 8-40 hours of on-the-job training, 88 hours of classroom training, online support, operations guidance, marketing support, and more.
If you’re looking for plumbing franchise opportunities in Charlotte, NC and beyond, Mr. Rooter could be a great choice for you! The franchisor is currently seeking new franchisees all over the world.
Benjamin Franklin Plumbing
Benjamin Franklin Plumbing is another one of the best franchises in the plumbing industry. Owned by Clockwork Inc.– the same company that owns the HVAC franchise, One Hour Heating & Air Conditioning and the electrical contracting franchise, Mister Sparky– Benjamin Franklin provides plumbing repairs and maintenance for homeowners. With more than 270 locations throughout the United States as of 2018, this network has experienced 1.5 percent growth over the last three years.
Of the top three plumbing franchise opportunities, Benjamin Franklin Plumbing is the most expensive based on the brand’s 2018 financial requirements list on Entrepreneur’s Franchise 500. With an initial investment ranging from $89,805 to $412,112, and a liquid cash requirement of $150,000, this network proudly offers in-house financing. In addition to the initial investment, franchisees are responsible for the initial franchise fee of $43,000, as well as the ongoing royalty fee of 6 percent and ad royalty of 3 percent.
Much like its competition franchise networks, Benjamin Franklin Plumbing provides franchisees with online support, operational support, an intranet, marketing support, and proprietary software. Training includes 28 hours of classroom training, and additional regional and national training.
The franchisor is searching for potential new franchisees to expand the network’s presence throughout the United States. If you’re interested in joining Benjamin Franklin Plumbing Franchise, contact their corporate team or consult the franchising experts at VR Business Brokers of Charlotte, NC.
Find Your Ideal Plumbing Business for Sale
Whether you’re interested in plumbing franchise opportunities or buying an existing plumbing business, VR Business Brokers of Charlotte can help. As the leading business brokerage firm in Charlotte, NC, we represent a vast network of plumbers preparing to sell their independent plumbing businesses and resell their plumbing franchise units. Let us help you determine if you’re better suited for franchising or an independent business.
Contact our office today to speak with our experienced team of business intermediaries and franchise brokers. We look forward to helping you find a plumbing company that meets your desired criteria, lifestyle, and budget.
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