IronDrive Franchise Opportunity – A Simple Review
IronDrive specializes in Garage Floor coatings and much more! IronDrive provides you the opportunity to install high quality coatings for residential garages and many commercial coatings applications. Their product is simple to apply – a two car garage can be coated entirely within as little as six hours!
The market for this product is virtually untapped. IronDrive reports that a high percentage of garage floors in the United States are bare concrete. More and more garages are being becoming the seconds “man cave” or are just being coated so that oil spills and dirt can be quickly be cleaned up.
An investment for this relatively low cost franchise startup of $39,000 makes this a very attractive opportunity. This gives you the opportunity to be your own boss and run your own company. There is also very low inventory required. The company states that this is a “Turn Key” operation, but mentions no means of developing an internet presence. For a fraction of the price of the franchise, you can learn how to effectively learn how to market your IronDrive business on the internet. You simply need some Internet Marketing, Mentoring and Coaching and training to help you jumpstart your new venture. You are obviously reading this on the Internet, and you as a business owner need to learn how to market on the Internet as well.
Other advantages of IronDrive include the product itself – they are certified “Green” products with low, or no V.O.C’s (Volatile Organic Compounds) such as regular paint solvents. They also have a clear topcoat which dries in two hours. This is a great up-sell product and most garage owners will opt in for this service.
To be a franchise owner you must possess these traits:
1. Be customer oriented
2. Have a positive attitude
3. Have a passion for quality
Again, the basic fees involve a $20,000 franchise fee; capital equipment and supplies will run $19,000.
The royalty fees are six percent and a two percent advertising fee. That is why it is important to learn how to market online using no or low cost methods, as a two percent advertising budget is not going to take you far into today’s competitive market.
As with all opportunities, it is important to do your own due diligence. You should contact the company and see how long they have been in business. Find names of other franchise owners to see how they are this a stand-alone business, or are they operating another business along with this business? Is the company private or is it traded on a stock market? These are just some of the questions you’ll want to get answered. You can also go to their website to get more details.