The Water Scrooge Franchise Mission
The Water Scrooge’s mission is to achieve nationwide penetration of the Water Scrooge system by selling franchises to qualified individuals who are aligned with the goals and objectives of the Water Scrooge Management team and allow them to be an efficient mechanism of support and supply of the Water Scrooge products and services.
The Water Scrooge is a unique water conservation and energy savings solution for building owners and managers. The Water Scrooge franchisees are trained on meeting with landlords and building owners to walk them through a step-by-step process that leads to the savings of water, energy, and money!
The simple process includes:
- Installing water regulators on all showers and faucets in the building
- Conducting a thorough water leak survey in each apartment
- Complete management of the entire process
- A comprehensive report of our installations
The sales ability of the franchisee is greatly aided by the fact that the numbers speak for themselves. It is a unique solution that can save thousands and will have an immediate impact and an attractive return on investment for a property owner.
The franchise organization was formed based on a market analysis primarily driven by the Water Scrooge Management team. From its inception, the experienced management of The Water Scrooge felt that there was a need for a more functional, streamlined, and simpler solution and created the Water Scrooge franchise model. There is ample room in the existing marketplace for substantial improvement in professionalism, efficiencies and profitability in the franchised service industry.
The concept fits very well into today’s franchise marketplace. It is a business model that allows for a reasonable and realistic initial investment, as a franchisee will be able to operate out of their home. A franchisee can get into business with a vehicle and all the required initial tooling – all for under $100,000 (on average, including the franchise fee). The business can be highly profitable and is a flexible and scalable business model, which would allow for a franchisee to add revenue and profitability in significant multiples as appropriate to operational capabilities and market size.
The franchise management company will be based out of the New York Metropolitan area, which will be run by The Water Scrooge Management, along with a company-owned The Water Scrooge operation in that area. This corporate operation will be used as the flagship and operating prototype for the business model and will focus growth into the additional markets.
The Water Scrooge will be franchising the company’s operations in order to duplicate the business model in new markets and to expand the organization’s market footprint throughout the United States. Through franchise development, The Water Scrooge will have the ability to operate locations in new markets and areas without the cost and management responsibilities that would come with company-owned territories. Because of the attractive initial investment required to open a location in comparison to the return on investment, franchise development holds enormous potential.
CONCEPT AND FACILITIES REVIEW
The Water Scrooge concept is one that relies on consistency, accountability and a dedication to service through a non-exclusive territory-based service structure. The operating prototype in New York has given the leadership of The Water Scrooge a strong understanding for the industry and business model.
The business model allows for someone to enter the industry with an initial investment as low as $66,000 based on a cash investment in the business and equipment needed to operate a location of The Water Scrooge. This number also includes the franchise fee. The vehicle is optional and can be leased, which would allow someone to get into the business with even less up front capital. The typical facility needed for a franchisee to start their business from home and can operate out of a vehicle with the necessary tooling as long as they have a small storage space.
Each The Water Scrooge installer must pass a rigorous background check before they are invited to join the Water Scrooge team. The goal is for the client to be as confident in the Water Scrooge people as they are with the product.
The Water Scrooge concept is reliant on a strong sales- and marketing-oriented leader who is proficient in interacting with, and selling to, property owners. The success of the corporate office and leadership can be directly related to the professionalism and dedication to service exhibited throughout their time in business and in the home and commercial services industry. In order to have successful franchise owners, they too must exhibit this dedication to sales and customer service in building their own business.