K&N Electric Inc. of Fort Worth is planning to expand nationally through its new franchising venture, K&N Mobile Distribution Systems®.
The franchise opportunity is essentially a mobile parts store, a utility van with thousands of parts that can be sold and delivered directly to manufacturers and machinery repair facilities virtually anywhere in the U.S.
According to CEO Curtis Nelson:”There is an enormous market potential worldwide for our products and services,” he said, noting that K&N’s customer is any business that manufactures or repairs any type of machinery.
Nelson believes the company can sell at least five to 10 franchises by the end of the year, with an eventual capacity of least 1,500 franchises nationwide. Founded in 1972 by Curtis’s father, Jerry Nelson, the company plans to work with several brokers around the country to market the franchise opportunity.
K&N Electric supports its franchisees with intensive training, an automated order system with barcodes, a voice-activated GPS system, prospect lists, and nearly 10,000 SKUs to get started.
“We really think that with our strong commitment to our customers, this really is the best franchise and career opportunity out there for someone working in the industrial parts field who wants to be in business for him or herself,” Nelson said. “We treat our franchisees like we treat our customers, and we want to be in business together and help each other make money for many years.”
Franchise opportunities are available in every state except Utah, Nebraska, South Dakota and North Dakota. The investment cost is $10,000 for the initial fee; $25,000 to $35,000 for inventory; and between $12,000 and $15,000 for equipment.