Temporary Wall Systems, founded in 2017 by Juli and Ryan Lemire, emerged from a simple yet transformative idea: to provide an innovative, sustainable solution for dust and debris containment in construction and renovation sites. Ryan Lemire, leveraging his extensive experience as a union carpenter in Boston, recognized the inefficiencies and environmental waste associated with traditional containment methods, such as the use of stud and drywall that ended up in landfills after project completion. This realization led to the discovery and adoption of modular wall systems, a game-changing approach that offered durability, reusability, and environmental responsibility.
The decision to franchise Temporary Wall Systems was driven by the founders' vision to expand their impact and reach more customers across different regions. They saw franchising as a strategic way to grow the business while maintaining high standards of quality and service. This model allows entrepreneurs to be part of a proven business with a significant market demand, providing a full-service solution that includes the rental, installation, and removal of temporary walls.
The initial investment needed to start a Temporary Wall Systems franchise is detailed in their Franchise Disclosure Document (FDD), with a range from $145,447 to $352,497. This investment range is primarily influenced by the quantity of initial inventory purchased by a franchisee. More inventory upfront means the ability to rent out additional walls and cater to a broader customer base, which can significantly impact revenue potential from the start.
Financial Requirements for Franchisees: Temporary Wall Systems sets specific financial standards for their franchisees to meet, including a minimum net worth of $400,000 and a liquidity requirement of $200,000. These criteria are designed to ensure that franchisees possess the financial stability and resources needed to successfully launch and grow their franchise until it reaches a profitable state.
Types of Customers Served: Temporary Wall Systems serves a wide range of clients, showcasing the adaptability of its solutions across various sectors. The key customer groups include:
- Construction Companies: Utilize temporary walls for both new constructions and renovations, ensuring projects remain on schedule and safe from external disruptions.
- Office and Commercial Spaces: Seek temporary containment solutions during renovations or reconfigurations to minimize operational disruptions while preserving the workspace's aesthetic appeal.
- Healthcare Facilities: Require temporary walls for renovation projects to maintain patient safety and ensure compliance with strict health regulations.
- Event Organizers: Use temporary walls to create designated spaces or achieve specific layouts for events, catering to the unique needs of each occasion.
Revenue Generation: The financial model of Temporary Wall Systems is anchored in the rental of its temporary wall systems, supplemented by a range of services that enhance the client experience:
- Rental Fees: The core of the revenue comes from the fees charged for the duration that the temporary walls are deployed, from the initial installation to the final dismantling.
- Installation and Removal Services: These essential services are integrated into the overall pricing model, contributing to the turnkey solution offered to clients and ensuring a seamless experience.
- Additional Services: The franchise also capitalizes on custom needs that vary by project, including soundproofing solutions, fire-rated walls, and branded wall options for events. These services allow for additional revenue streams while catering to the specific requirements of clients.
Operating a Temporary Wall Systems franchise involves a comprehensive approach that ensures franchisees are well-equipped to meet the demands of the construction and renovation industries. At its core, the franchise model is designed to provide turnkey solutions for dust and debris containment, with a focus on sustainability, efficiency, and customer satisfaction. Franchisees are trained to manage all aspects of the business, from conducting initial site assessments to the final removal of the modular wall systems, ensuring a seamless experience for clients.
The operational framework of the franchise emphasizes strong project management skills, with a focus on timely and professional service. Franchisees benefit from a robust support system that includes extensive training in installation techniques, customer service, and business management. Additionally, the franchise leverages cutting-edge technology and software to streamline operations, including inventory management, scheduling, and customer relationship management.
Marketing and business development are also key components of the franchise operation, with franchisees receiving guidance on how to effectively market their services to potential clients in their local area. This includes leveraging the brand's reputation and marketing materials to secure contracts with construction companies, event organizers, and property managers.
Overall, operating a Temporary Wall Systems franchise requires a commitment to upholding the brand's standards of quality and innovation. It offers a unique opportunity for entrepreneurs to be part of a growing industry while making a positive impact on the environment and their communities.
Becoming a franchise owner with Temporary Wall Systems means stepping into a role with a network of support aimed at fostering confidence and growth. The franchise prioritizes ensuring that every franchisee has the tools, knowledge, and resources needed to thrive in their market. Here’s a snapshot of the comprehensive support system in place for owners:
- Financial Assistance for Startups: To alleviate the initial financial challenges, the franchise offers a wall leasing program designed to reduce the upfront operational costs.
- Training Program: Franchisees receive in-depth training covering a wide range of essential business operations. This includes office and project management, customer relationship management (CRM), customer satisfaction strategies, payroll, inventory management, bookkeeping, bidding processes, job consulting, as well as safety and quality control. Additionally, franchisees are equipped with the latest technological tools needed to manage these aspects efficiently.
- Ongoing Support: Beyond the initial training, franchisees benefit from remote, on-demand support for any day-to-day challenges. Field support and refresher training sessions are also provided throughout the year to ensure franchisees stay up-to-date with best practices.
- Sales and Marketing Assistance: To help promote the business, franchisees have access to proven sales and marketing programs and materials. These resources are designed to enhance company visibility and attract a broader client base.
- Operations Manual: Each franchisee receives a confidential operations manual that serves as a detailed guide to all aspects of the business. This includes operational and installation procedures, product information, reporting protocols, equipment storage, cleaning and maintenance tips, marketing strategies, and safety procedures.
In their Franchise Disclosure Document (FDD), Temporary Wall Systems has provided financial data primarily from a corporate location, as they began awarding franchises only in 2021 and had limited franchise data available by early 2023. Despite this, the reported earnings from the corporate location are quite telling of the business's potential. The revenue figures are strong, but even more noteworthy are the impressively high-profit margins. This early success suggests a promising outlook for future franchisees, with more comprehensive data expected to be available in the 2024 FDD, offering insights into additional locations.
Temporary Wall Systems stands out for its innovative approach to the construction and renovation industry, offering a business model centered around modular wall system rentals. The appeal of generating recurring revenue with minimal maintenance once the walls are set up is significant. The financial details revealed in their Franchise Disclosure Document (FDD) are promising, highlighting the potential for a profitable business.
However, potential franchisees need to conduct thorough research before diving in. The current FDD provides strong financials from the corporate perspective, but more detailed information on the success and challenges faced by individual franchisees would be valuable. We recommend reaching out to existing franchise owners to get a clearer understanding of the day-to-day operations and the overall business viability.
Temporary Wall Systems could be a great match for those who have a knack for managing teams and handling logistics. The business demands active management of operations, from installation to client service, making it ideal for individuals with these skills.