Criterium Engineers
Professional Services Real EstateCompany Information
Address
5 Depot Street, Suite 23 Freeport, ME 04032
Website
Tel
Not Available
Email
Franchimp Summary Rating
Higher than 65% of peers
Lower than 37% of peers
Franchise Summary
Description
The franchisee will own a consulting engineering service business which specializes in providing reports, inspections, consultation, investigation and litigation support services on the structural and mechanical aspects of residential, commercial and light industrial buildings to prospective purchasers, real estate brokers, litigants and
Company Background
CRITERIUM ENGINEERS is a consulting engineering service company specializing in providing reports, inspections, consultation, investigation and litigation support services on the structural and mechanical aspects of residential, commercial and light industrial buildings to prospective purchasers, real estate brokers, litigants and others.
Franchise Opportunity
It is often difficult to know if a building is structurally sound and safe. Buildings can be dangerous if they are not structurally sound, and it is often difficult to tell if a building is safe. Many people do not have the engineering knowledge to properly inspect a building. CRITERIUM ENGINEERS offers comprehensive reports, inspections, and consultations on the structural and mechanical aspects of buildings. We have over 25 years of experience in the engineering industry, and we are dedicated to providing our clients with accurate information about the safety of their buildings.
Corporate Structure
COAST TO COAST ENGINEERING SERVICES, INC. is a Maine corporation doing business under the name “CRITERIUM ENGINEERS.” Its principal business address is: 22 Monument Square, Portland, Maine 04101.
Earnings Transparency
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Real Estate Industry$366,007 / unit
Franchise Type: Standard
Average Revenue During 2020
Franchisee Attrition
This franchise's rate of attrition in 2012
of 12.50%
was
Slightly Higher
than the 9% in the Real Estate industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
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Employee Contact Database
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Distribution of Criterium Engineers Franchisees
Criterium Engineers Franchise System Development in 2020
FAQ
How much investment do I need to start my own Criterium Engineers business?
Franchisees typically require at least $74 to $147 investment to get their Criterium Engineers business started
What are the initial franchise fees for Criterium Engineers?
Franchisees typically need to pay at least $54 in fees directly to Criterium Engineers in order to earn the right to launch their business
How much money can I make with a Criterium Engineers franchise? What are
the average revenues for a typical Criterium Engineers business?
We estimate that the average revenue of an individual
Criterium Engineers unit is approximately
$366,007. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Criterium Engineers unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$74,930 to $147,760
which is
Much Lower
than the $0 to $0 average in the Real Estate industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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