6/10

Franchimp Summary Rating

10 /10
Lower than 9% of peers

Franchise Summary

Description
The Solar Grids franchise is a business model that focuses on the development, installation, and maintenance of solar energy systems, providing renewable energy solutions to various clients while leveraging an established brand for franchisees. With comprehensive training, a range of products and services, and a strong emphasis on sustainability, the franchise aims to capitalize on the growing demand for solar energy amidst increasing awareness of climate change.
Company Background
Solar Grids is a franchise opportunity that offers solar sales and services to residential and commercial clients. As a Solar Gridsfranchisee, you will operate a business offering your customers solar products that are backed by the highest quality warranties in the industry. The company's mission statement is to make solar accessible for everyone while providing excellent customer service. The company goal is to be the market leader in renewable energy solutions within 5 years of operation.
Franchise Opportunity
As a homeowner or business owner, you want to save money on your energy bill and reduce your carbon footprint. However, solar panels can be expensive and installing them is an intimidating process for most people. Installing solar panels used to be hard and expensive. But with Solar Grids, we make it easy! We have streamlined the entire process of getting solar panels installed so that it's simple enough anyone can do it. Our team of experts will guide you through every step of the way from consultation all the way through installation so that you never feel lost or confused about what needs to happen next. Your investment in our company also comes with access to our online learning center where we'll teach you how to maintain your new system after installation, saving you even more money over time! With Solar Gridsyou can get professional level services at affordable prices because we cut out the middle man between us and our clients by owning everything ourselves instead of subcontracting
Corporate Structure
Our name is Solar Grids LLC. Our principal business address is 151 N. 8th Street Suite 534, Lincoln NE 68508. We do have a parent entity, Hexeton Energy, Inc. that shares our principal business address. We do not have any affiliates that offer franchises in any line of business or provide products or services to our franchisees.We are a Wyoming limited liability company. We were formed on February 12, 2020.
Investment and Franchisee Fees
The total investment necessary to begin operation of a Solar Grids franchise is $64,100 to $93,500. This includes $40,000 that must be paid to the franchisor or affiliate.

Earnings Transparency

1 /10
This Franchise discloses much less 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

Employee Contact Database

# Name Position Phone Number Email Address

FAQ

How much investment do I need to start my own Solar Grids business?
Franchisees typically require at least $64 to $93 investment to get their Solar Grids business started
What are the initial franchise fees for Solar Grids?
Franchisees typically need to pay at least $40 in fees directly to Solar Grids in order to earn the right to launch their business
How much money can I make with a Solar Grids franchise? What are the average revenues for a typical Solar Grids business?
We haven’t done the math on how much revenue a typical Solar Grids brings in each year. We estimate that other franchisees in the Professional Services industry generate $932,459 revenue, so we would expect Solar Grids to generate a similar amount
How long do I need to commit to running a Solar Grids unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

10 /10
The Franchisor's investment costs ranges from $19,500 to $62,000 which is Much Lower than the $0 to $0 average in the Business-Related 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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