Franchise Deep Dive: PIRTEK’s Franchise Costs, Fees, Profit and Data
The hydraulics and industrial hose maintenance and replacement franchise has over 500 locations around the world and provides services to essential industries.
LAST UPDATED: January 2024
FRANCHISE WEBSITE: PIRTEK Franchise
NUMBER OF LOCATIONS: 500+
REPORTED COST TO GET IN: $211,400 to $610,300
REPORTED ROI (Item 19): $1,181,138 (average gross sales)
PIRTEK is a franchise concept focused on hydraulics and industrial hose maintenance and replacement.
How Many PIRTEK Locations Are There?
PIRTEK has been around for over 40 years, operating in over 24 countries, with more than 500 locations worldwide.
What Is PIRTEK’s Business Model?
PIRTEK specializes in hydraulics and industrial hoses, often serving essential industries. Their services are integral for certain types of farm equipment, industrial lawn mowers, drilling rigs and construction equipment. Other industries that rely on hydraulic systems and industrial hoses include food processing industries, car washes, manufacturing industries and waste management. PIRTEK provides repair services and helps clients access specialty parts in a timely manner.
PIRTEK offers franchisees two business model options, which it refers to as Tier 1 and Tier 2. ??Tier 1 franchises include a brick-and-mortar store along with a number of company vehicles, depending on the territory size, for the franchisee to complete mobile repairs for businesses on-location. Tier 2 franchises solely offer mobile services out of two or more vehicles but have the opportunity to transition to the Tier 1 model after some time. The Tier 2 model is not available in all territories.
How Much Can PIRTEK Franchise Owners Make?
Based on the information given in the brand’s 2023 Franchise Disclosure Document (FDD), the average gross sales of all franchised locations that were open for the entirety of 2022 was $1,181,138. The average gross sales for Tier 1 centers was $1,390,075, and the average gross sales for Tier 2 centers was $554,329.
How Much Does It Cost To Open PIRTEK?
The total initial investment necessary to begin the operation of a PIRTEK franchise ranges from $211,400 to $610,300. This includes a franchise fee of $49K.
For a Tier 1 franchise, which includes a brick-and-mortar store along with vehicles for mobile repairs, the initial costs range from $610,300 to $899,300. This includes rent and security deposits for the store location, leasehold improvements, and shop signage and equipment.
For a Tier 2 franchise, which includes vehicles for conducting mobile repairs, the initial investment ranges from $211,400 to $557,000. This includes mobile sales and service units, training expenses, computer expenses and five months of operating expenses. The Tier 2 model is not available in all territories.
Additionally, the brand requires franchisees to have a minimum net worth of $250K and have at least $60K in liquid capital.
What Is the Franchise Fee for PIRTEK?
The initial franchise fee required is $49K.
Who’s On PIRTEK Training’s Leadership Team?
- Kim Gubera — CEO
- Jenny Healy — Chief Financial Officer
- Nick Ridgway — Director of Franchise Development
- Don Stout — Director of Operations
What Helpful Articles Can I Read to Learn More About PIRTEK?
- Start a Pirtek Franchise in 2024
- Private Equity Firm Princeton Makes Majority Investment in Pirtek
- Princeton Equity Group Invests in Pirtek
- Franchise Brands says Pirtek Europe acquisition presents big growth opportunities
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