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Sonitrol

Sonitrol was founded by Robert Baxter originally in 1960 as a company that would incorporate his various sound-related inventions. Everything changed when police officer and alarm company owner Al Cronk hired Baxter to manage his company's equipment. Baxter's innovations proved so successful that Sonitrol soon evolved from an invention company into a security franchise opportunity in 1965. A subsidiary of Tyco International Ltd., the Sonitrol Network has franchisees in the United States, Canada and the United Kingdom.

Facts & figures

Liquid capital required

$100,000

Net worth required

$250,000

Investment

$250,000 - $600,000

Franchise fee

$20,000

Units in operation

212

The capital required to open a unit is $100,000. $250,000 is the minimum net worth required to open a location. The low end of the total investment required to open a new franchise is $250,000. $600,000 is the maximum that someone opening a location should expect to invest. Before you become an owner, you will owe the franchisor a franchise fee of $20,000. In total, there are 212 units of this franchise open today.

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FAQs

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Tax Preparation Services industry is $14.4 billion in 2023
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Liquid capital required

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Investment required

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Net worth required

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