GoliathTech Franchise Costs, Fees & FDD

Year Business Began: 2004

Franchising Since: 2013

Headquarters: Magog, Quebec, Canada

Country of Origin: Canada

Estimated Number of Units: 165

Franchise Description: GoliathTech Inc. is the franchisor. Franchisees operate a business selling and installing helical piles (screw piles) manufactured by the franchisor. The market for the products and services is the commercial and residential construction industry. Franchisees may operate the franchised business as an add-on to their current business, or they may operate the franchised business as a stand-alone. Franchisees may only offer the franchisor’s helical piles and support system and no other competing products or support systems in their franchised business.
Training Overview: The franchisor will provide initial training to franchisees and up to four additional employees, depending upon how many installers the franchisee has. Initially, franchisees may have just one person doing the sales and installation. Franchisees or a designated manager must be responsible for business operations and management. All trainees must successfully complete the initial training program. Initial training will be approximately 36 hours of classroom instruction and approximately 4 hours of hands-on instruction at the franchisor’s corporate headquarters. The franchisor will offer additional mandatory training on new products or services that it may develop as part of the franchise system.

Territory Granted: The franchisor will grant franchisees a protected geographic territory, which it will describe in the Franchise Agreement. The territory will be defined by towns, cities, counties, zip codes, or other geographic boundaries. The geographic area will include addresses, excluding high-rises, of approximately 240,000 to 360,000 households. If franchisees are not in breach of the Franchise Agreement, the franchisor will not locate or open a competitive business under the marks and using the system in the territory, either company-owned or franchised, during the term of the agreement.

Obligations and Restrictions: Franchisees must either devote their full time and effort to managing and operating the licensed business or delegate their management or operation to a responsible person that the franchisor has approved. Franchisees must reserve and exercise ultimate authority and responsibility over the operation and management of the licensed business. If franchisees delegate management and operation to a manager, the manager must first successfully complete the initial training program within 60 days after assuming the role of manager. Franchisees may offer for sale only the products and services the franchisor approves and manufactures. The franchisor may terminate the Franchise Agreement if franchisees fail to meet the required minimum purchases of franchisor manufactured products in any given year for each franchise territory they own.

Term of Agreement and Renewal: The length of the initial franchise term is five years. If franchisees are in good standing and the franchisor continues the franchise system in the franchisee’s area, the franchisor may permit them to renew for successive five-year terms under the then-current agreement, which may be materially different than the agreement the franchisor is now offering.

Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisor’s note, lease or obligation. For qualified individuals who were honorably discharged from any branch of the United States Military, the franchisor offers a $3,000 USD inventory credit on their first Franchise Agreement for their first territory. GoliathTech franchisees are eligible for expedited and streamlined SBA loan processing through the SBA’s Franchise Registry Program.

Estimated Initial Investment

Name of Fee	Low	High
Initial Fee	$49,500	$49,500
Travel & Living Expenses While Attending Initial Training	$3,000	$5,000
Real Estate Rental & Deposits (3 months)	$1,000	$5,000
Equipment & Product Inventory	$30,000	$76,500
Vehicle	$0	$65,000
Computer & Software Subscription Services	$2,500	$8,000
Advertising (3 months)	$500	$1,000
Professional Fees	$1,000	$5,000
Miscellaneous Opening Costs	$5,000	$10,000
Additional Funds (3 months)	$10,000	$20,000
ESTIMATED TOTAL	$100,000	$244,000

Other Fees

Type of Fee	Amount
Royalty Fee	There is no royalty fee.
Marketing Fee	6% of the price of products purchased from the franchisor.
Local Marketing	3% of gross revenues.
Interest	24% per annum from due date.
Transfer Fee	20% of the then-current initial fee.
Expansion Fee	75% of the then-current initial fee.
Audit (3% or more under reporting)	1.5% per month interest on amount of underpayment plus the cost of the audit plus the amount of the underpayment.
Renewal	25% of the then-current initial fee.
Order Cancellation Fee	3% of the total order plus a $150 administrative fee.
Change Order Fee	Greater of 3% of the value of the items removed or added, or $150.
Storage / Handling Fee	Greater of 3% of the value of the order being stored, or $150.
Non-Compliance	$50 per day that a violation remains uncured.
Additional Training	$500 per group per day; if the franchisor travels to the franchisee’s location the franchisee must also pay the expenses of the trainers. Franchisees are solely responsible for all compensation, benefits and travel-related expenses for themselves or any employees.
Subscription Services	Fee based on number of jobs per month.

The above information has been compiled from the FDD of GoliathTech. Year of FDD: 2025.
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