subject: American Leak Detection Franchise Review [print this page] American Leak Detection Franchise Review American Leak Detection Franchise Review
American Leak Detection (The Original Leak Specialists) is specialized in the correct, non-invasive detection of all kinds of leaks including sewer leaks and hidden water. From swimming pool cracks to plumbing systems, the smallest leak is fixed with the most sophisticated and advanced electronic devices - without bashing punctures in walls or digging up the yard and deck.
ALD (American Leak Detection) company is plumbing inspection firm and has its headquarters in Palm Springs, California. ALD was founded in 1974, by Richard Rennick and has 117 franchises across 8 countries. The company has been franchising since 1985 and has fixed approx 4.5 million leaks since its inception. This company was recognized as the Top 25 High Franchise Performers (by The Wall Street Journal). ALD not only provide services to residential but also to commercial and municipal clients. Services to be provided by the franchisee include gas, pool, water, sewer, spa leaks and other detection & repairs as well as pipeline location. The function of the franchisee is to detect plumbing leaks hidden by concrete slabs, earth, asphalt, walls and other hidden areas and utility lines. The general market for the services will be spa owners, swimming pool owners, residential & commercial property owners with concealed leak problems. The demand for these services concerning spa owners and outdoor swimming pools may be seasonal. Franchisor can authorize the franchisee to provide leak correlation services for main distribution lines to water districts (urban & rural), municipalities, industrial estates and other similar clients as the business progresses.
Certain vocational and/or other contractor's licenses may be required by franchisee for leak detection and repair services in some localities. These requirements may vary with different state and local authorities. The franchisee is obligatory to comply with all applicable laws.
It is franchisor's wish to finance a part of the initial franchise fee, Equipment Products and Training Package to qualified buyers through a Promissory Note'. Qualified buyers may be financially assisted by the franchisor including a part of the initial franchise fee, Equipment Products & Training Package not to exceed 50 percent of the total initial franchise investment. 11% is the annual percentage rate of interest charged. The note will amortize over a period of 4 to 7 yrs and is usually payable in 48 to 84 equal monthly installments of principal & interest.
Franchise Cost:
Estimated Initial Investment $83,255 - $233,500
Franchise Fee: $29,500 - $80,000
Ongoing Royalty: 6-10%
Term of Agreement: 10 years (renewable)
Required Qualifications
Net Worth: $200,000
Cash Liquidity: $65,000
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