When we are tired of working for someone else, we will always do our best to find a new opportunity that can bring us independence, freedom, and a stable income stream to avoid having the continuous problem with salaries or jumping from one job to another.
However, this is always easier said than done since business opportunities will provide all of those benefits at once, not finding another job where you have to work for someone else.
What does this have to do with franchising? That may be the option you were waiting for.
Franchises are great investments because you don’t have to start from zero. However, they can come with many disadvantages if you are unable to invest properly or find the right option among all the franchising opportunities in your location.
Precision Concrete Cutting can be one of the options you’ve come across and, of course, the reason why you are here trying to figure out if it is something worth your time and effort.
Do you want a short answer to your doubts and questions? It is worth it, but depending on some circumstances and your situation.
If you are interested in franchising and considering this company for it, we will help you by reviewing every aspect and factor so you can make a well-informed decision.
Precision Concrete Cutting (PCC): Most Stable Franchise?
Every company you get introduced to will tell you a story, and this is a fact you should have internalized with our reviews so far.
Now, storytelling is not popular but rather part of marketing a business and attracting people’s attention, which is why you will notice that although all the stories you are told might be true, many of them will be a bit exaggerated.
What is the case with Precision Concrete Cutting and this franchise’s story? Is it another of the dozens, or does it offer a better approach to get introduced?
Well, the company doesn’t provide much information about its inception and specific success, unlike other franchises, which isn’t bad nor good, just a bit disorienting.
Therefore, when we focus on answering the headline’s question by telling you about its story, there isn’t much we can tell you.
Precision Concrete Cutting started its journey in 1991 when Ballard Gardner decided to open a small business that removed trip hazards in Provo, Utah.
Some people will argue that the company started in 1992 instead of 1991, but it is due to its popularity growing during the first one.
Now, why would someone decide to open this type of business?
Ballard became dissatisfied with the results of conventional methods and started looking for better solutions to avoid accidents and provide the desired results, which most companies in the niche couldn’t achieve. Those that we’re able to deliver the service were quite expensive with their services and not completely worth paying for them.
For this business idea, Ballard created several machines that used a saw rather than a grinder. He was able to design the machine that is now protected by the U.S. Patent and Trademark Office.
Thanks to the machine’s performance, services like repairing uneven sidewalks by sawing away trip hazards were provided without any issues, and the results of the company were outstanding and continued to satisfy all types of clients, be it residential or commercial ones.
So far, Precision Concrete Cutting has been awarded six patents by the U.S. Patent and Trademark Office.
It is rapidly growing as a multi-state group specializing in trip hazard removal, and they have removed uneven concrete hazards from more than 10,000 miles of sidewalk.
Although the company started in 1991, it is important to point out that it has been franchising since 2002 instead since its very creation since Ballard wanted to include more people in the team and offer them an independent opportunity to make money and find freedom, while also providing very needed services to a community.
Starting a New Business: How Much Does PCC Cost?
When you think about starting a new business on your own based on an idea you have, you know it won’t be easy since it isn’t about money only but all the planning and logistics involved.
You need to be prepared to handle many tasks at once, make sure your money isn’t going to waste, and do everything it takes while knowing the idea and business can go downhill in less than a minute.
We are trying to say that it is very risky to work by yourself in starting a new business, and it requires additional motivation and time to make it possible.
This is when franchising comes in handy for many: it doesn’t involve high risk but rather the opposite, and you usually have support and assistance in establishing your business.
Franchising means you will get the help of the franchise you are partnering with so it can help you with real estate, equipment, training, customer service, and all the aspects of the business you’re about to start. All this by paying a specific initial investment that varies with each company.
With PCC, you need to meet requirements to apply as a franchisee:
- Your net worth must be at least $150.000.
- Pay the startup investment that ranges from $155.000 to $181.500
You don’t need experience since the company includes everything you need, even the training to use the machines and equipment to provide the services they have developed and offered over two decades.
Now, we can agree that the investment isn’t especially cheap. Instead, we can consider it expensive since not everyone has over $150k to spend on this franchising opportunity.
But the question is if it is worth your time, and it may be depending on what you’re trying to achieve with the business model.
Before getting there, you have to keep in mind that you won’t start franchising right away when you pay the startup investment.
You need to go over training, wait for your office to be established, and receive the materials, equipment, and know-how to manage the business.
This is why Precision Concrete Cutting includes all this in its package for franchisees:
- Support and assistance to know how to respond to calls and administrate the office.
- Equipment and materials are provided for you to get started.
- Training to learn how to perform the services.
- Insurance.
- Working and hiring capital.
Depending on how long you take to complete training and the franchise is able to deal with real estate, you will start working in 3 to 5 months.
A Good Investment? Pros & Cons of Precision Concrete Cutting
Overall, franchising isn’t a bad idea. Instead, we consider it one of the safest business models you can choose if you are able to handle the initial investment with most franchises.
Focusing on how this influences PCC, we would say that you could invest in it if you are fine with the entire business model. After all, this company works well and has a great reputation in the USA and Canada with over 50 franchise units.
However, not everything is “stunning” when it comes to the company and what you will have to do when becoming a franchisee.
So, we dare to say that it is a good investment under your own risk and decision. For you to understand why we are telling you this, the best alternative is to focus on the pros and cons:
Pros:
- You have the company background to avoid starting from zero and bring customers early.
- There are over 85% of positive comments and reviews about PCC from both franchisees and customers, meaning it is good, and you can rely on their reputation.
- You will earn independence and be able to own your business.
- It is profitable considering how many people look for the company’s services in the USA or Canada.
- You can start quicker than with your own business or other franchises.
- All the equipment, materials, and training are provided, so there’s no need for previous experience.
Cons:
- We don’t have to mention it, but it is expensive to get started.
- ROI can take over six months to be seen, considering how long it takes to launch and to bring customers in the long run.
- Royalty fees cannot be avoided, and this means your income is reduced.
- It takes a lot of work to offer services in this niche.
If you ask us, the main issue with PCC is the type of work you will have to perform and how you have to train your future employees to guarantee the quality and results that make the company popular.
Therefore, you need to consider if this is something you want to do and handle for years or if another business model or franchise can be a better alternative.
Is It Possible to Invest Less & Get More?
It is hard to find a business model or opportunity that allows you to invest just a few dozens or hundreds to get started, but it isn’t impossible.
The main issue with franchises is that they focus on the usual physical store or office that comes with lots of work hours, and you have to consider logistics like transport, time, and equipment.
However, when you focus on opportunities or models that are digital or rely on the Internet, you can find better options.
Lead generation is the best one we have found so far because it requires little investment compared to franchises. You can start anytime and work from home while aiming for passive income the more you progress in the business.
Even if you decide to invest and become a franchisee, you can get lots of benefits from learning and handling lead generation.
How? Thanks for how it works.
Lead generation is about bringing leads to a company by building a website, ranking it on Google, and generating organic traffic (this means you don’t pay for it).
Generating leads means you bring potential customers or clients to the company, and they pay you for those generated thanks to your efforts and services.
It is very basic even when you have to learn some skills like building websites and ranking them for organic traffic.
However, this #1 training program is outstanding to get you started and allow you to make money before even completing it.
You will learn step by step how to:
- Choose a niche to find clients.
- How to find and contact your clients.
- Build websites.
- Rank them on Google and other search engines.
- Generate leads based on the site and efforts.
- How much to charge per lead once you’re done.
If you are interested in bringing your own leads and potential clients to your PCC franchise or want to bet on lead generation as your business, you can find more info here!
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