Seatow Franchise

Topics: Property, Ownership, Boat Pages: 2 (535 words) Published: December 27, 2012
Sea Tow Franchise – Experience The Water In A Safe Way
Sea Tow was started by Capt. Joseph Frohnhoefer in 1983 in order to provide emergency services to the victims of accidents in the sea. His vision then was to bring a positive change in the services delivered by the boats. The concept of advanced boat services was widely accepted and the business grew worldwide with the advent of its franchise policies. Today, Sea Tow Franchise is established all over the world in the United States, Europe, Australia and Bahamas and has been recognized by the boating communities globally. The Sea Tow Franchise commits to serve the recreational boaters and strive to provide the best ‘non-emergency on-water services’. The existing 100 franchise owners all over the globe have stood strong to these core values. Thus, every potential franchise owner is expected to follow this path. The initial investment for a Sea Tow Franchise varies from place to place. It is dependent on a variety of factors, the most important being the location of the franchise also known as the (AOR) or Area of Responsibility. The AORs are classified into categories ranging from A to D based on their respective sizes. The capital required ranges from about $35,000 for an A category AOR to $15,000 for a D category one. In addition to these, the franchise owner should possess a working capital of $275000 and liquid capital of $50,000 for smooth functioning of the business. These figures may differ as per the market potential. Owning a Sea Tow Franchise is privilege for most entrepreneurs who believe in its principle. This can be achieved by following a step-by-step procedure. The first step is to request for a prospective franchise package. This consists of application forms, agreements and overview of the business network. These forms must be read and submitted to continue the application process. The next step is to schedule a visit to the Sea Tow head office. Here you will get a chance to meet the team...
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