Sonitrol Franchise
Saturday, May 15, 2010 at 05:19PM Provider of electronic security technology, including alarm, fire detection, and access control systems
Robert Baxter originally founded Sonitrol in 1960 as a company that would incorporate his various sound-related inventions. Everything changed when police officer and alarm company owner Al Cronk hired Baxter to manage his company's equipment. Baxter's innovations proved so successful that Sonitrol soon evolved from an invention company into a security franchise opportunity in 1965. A subsidiary of Tyco International Ltd., the Sonitrol Network has franchise business owners in the United States, Canada and the United Kingdom.
Start-up Costs & Franchises Fees
What is the total cost to open a Sonitrol Franchises?
Total Cost: $148,000 USD -$474,000 USD
Total Franchise Fees: $20,000 USD -$50,000 USD
Ongoing Royalty Fees: 2.5%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Contact Information for Sonitrol
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Sonitrol |
Phone Number: (610)725-9737 |
Sonitrol In the Press
No results at this time.Historical Expansion
In what year did Sonitrol begin operations? 1964
When did Sonitrol begin selling franchises? 1965
Year United States Canada International Corporate 2004 124 4 7 52 2003 124 4 7 53 2002 119 4 7 52 2001 140 4 7 30 2000 169 4 7 30
Future Expansion
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Internet referrals, Field support and site evaluation, Purchasing cooperatives
Marketing
Ad slicks
Franchise Operation Restrictions
15% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 20
Absentee ownership of franchise is allowed. (90% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience Sales & marketing experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes