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|Liquid Capital Required:||$50,000|
|Net Worth Required:||$150,000|
|Total Investment:||$125,000 - $150,000|
|Royalty Type:||7% +1.5% National Ad fund|
|Financing:||Via 3rd party|
|Incorporated Name:||Outdoor Lighting Perspectives Franchising, Inc.|
|Home Office:||Richmond, VA|
About Outdoor Lighting Perspectives
The Outdoor Lighting Perspectives mission lies in building an exciting future for our franchisors while making their communities safer and more beautiful. Running on a "three-businesses-in-one" model, the Outdoor Lighting Perspectives company offers residential landscape lighting, hospitality lighting, and holiday lighting combined to offer customers every kind of lighting service they could possibly need, all under one roof. From security and accent lighting installations to gorgeous and intricate holiday displays, Outdoor Lighting Perspectives represents the pinnacle of home lighting services.
Values & History
Outdoor Lighting Perspectives has been delivering on the promise of beautiful outdoor lighting displays for homes, businesses, hospitality buildings, and countless other properties since 1995. Since that time we've installed over 150,000 displays, learning everything it takes to do outdoor lighting installation the correct way — the way customers prefer. Focusing solely on outdoor lighting leaves us with an experienced edge over the competition and a flair for effective and timely processes that leaves our clients waiting for the sun to go down each day. Personal service, meticulous installation, and an annual maintenance plan complete with as-needed adjustments adds the personal touch that keeps customers coming back for more.
Market value for the outdoor lighting industry is estimated to be worth around 22.5 billion worldwide as of the year 2018, up from $16.7 billion in 2011. The average profitability ratio for the past five years has moved from 10.3% to 12.8%, with smart outdoor lighting estimated to reach 26-27 billion for the year 2025 according to some projections. Industry growth is attributed to several factors, largely home security and safety.
Purchasing a Outdoor Lighting Perspectives Franchise
An Outdoor Lighting Perspectives franchise ownership requires a relatively low amount of startup capital, with initial costs running between $54k and $110k, including the franchise fee. Potential owners will need access to at least $50k in liquid capital with a net worth no less than $250k, with the investment potential somewhere around $150k in total. Financing is available for qualified candidates.
Ideal Candidate & Qualifications
The ideal candidate enjoys meeting and working with people, an essential quality in offering excellence in service. A drive for creative and visual thinking with sales or marketing experience is a huge plus, but not mandatory. Other essential qualities for a successful franchise owner include above-average experience with computers and technology, a background in customer service, a college education with a four-year degree, and a strong motivation for business success.
Training & Support
The Outdoor Lighting Perspectives training program features a nine-day stay at the Richmond, VA training facility where you'll learn everything you need to know to get started. Our unique 12 step program will highlight each phase of business management and operation necessary, with the entire discovery to qualification process usually taking somewhere between 30-45 days to complete.