SHOULD YOU CONSIDER BUYING FIRE EXTINGUISHER BUSINESS?
I am still helping people buy & sell alarm-security businesses and referring many of these people to you to use your Contracts.
Some of your readers should consider this following simple thought. You can go buy a small Alarm-Security Business for about $300,000 that has about 300 R.M.R. accounts (most $30 per month accounts are worth about $1,100 each). But if you buy a small Fire Extinguisher Business for the same price range, that company should have about 3 trucks servicing over 7,000 customers. You can get busy “Cross Marketing” those 7,000 customers and in 18 months should sell them or take over 20% or about 1,400 new R.M.R. accounts. I can find these Fire Extinguisher Businesses for your readers. My Beltway Fire Extinguisher Business.
Building a RMR based model business is certainly what the alarm industry is about. Certain parts of the Fire Suppression Business lends itself to RMR, such as the inspection of fire extinguishers and other equipment. Repair service can also be RMR based. But be mindful that different licenses are required. Your "alarm" license is not likely to cover fire extinguisher inspection, and it certainly won't cover other fire protection systems.
The alarm industry is in many respects closely aligned with the fire protection [I understand that many in that industry prefer the term "protection" to "suppression"] industry. Often companies that perform commercial fire alarm installation and services will also do parts of fire suppression work, particularly fire extinguishers. Some areas are even more blurred. Clearing and testing smoke detectors is a good example. Is that part of your fire alarm service or your fire suppression service?
Most states require a Fire Suppression Technician’s License or Permit, issued by the State Fire Marshal, in order to engage in the business of Fire Extinguisher inspection. Generally, in order to obtain this License/Permit one must take a course (hours and number of classes required are different depending on the state). Similar to entering into a Qualifier Agreement with a person licensed to monitor alarms in that state, the same can be done for companies looking to expand into new states but don’t have any employees licensed there.
For assistance with any licensing issues contact Nicoletta Lakatos, Esq. in our Licensing Department at (516) 747-6700 ext. 312 or NLakatos@Kirschenbaumesq.com.
The interplay between fire alarm and fire suppression, as I see it, is that the alarm monitors and alerts, but doesn't nothing to extinguish or retard the fire. The fire suppression equipment does not alert; it is designed to extinguish the fire or delay the spread of the fire. Together, the suppression system works while the alarm system alerts first responders that help is needed. These two industries share other similarity - they both face enormous exposure for liability for their customer's loss and often third party loss. Of course fire damage can be the most catastrophic, resulting in serious injury, death and property destruction. The risk is truly incalculable. While the alarm industry has become educated in the need for Alarm Contracts that provide sweeping protection from claims and liability, those in the fire protection or suppression industry are less likely to be using proper contracts that afford needed contractual protection. Often a fire suppression company is asked to sign an AIA agreement or subcontract, in which event the fire suppression company has accepted and assumed liability for loss, both during and after its installation and services are performed.
We offer a Fire Suppression Agreement that provides for contractual protection. We have also recently started an email newsletter directed to the fire protection industry, authored by Jesse Kirschenbaum,Esq. Let Jesse know if you'd like to get on his email list. His contact him at Jesse@KirschenbaumEsq.com or 516 747 6700 x 312. To order the Fire Suppression Agreement, click here.
PERS: SERIES - WEBINARS
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WEBINARS: PERS: Personal Emergency Response Service / Medical Alert: how and why you need to consider getting into that business Everything you need to know and do to get started with PERS or grow your PERS business to a nationwide operation. Presented by a leading PERS manufacturer, a central station specializing in PERS monitoring, attorneys who will address licensing and contract issues and telemarketing issues. Sign up for each webinar separately. These webinars are FREE. You need to register in advance to reserve your spot [attendance is limited] and sign in a few minutes before each presentation.
Title: How to Select a PERS Monitoring Center
Date and time: July 20, 2016 12 noon to 1 PM
Place: your computer
Register here: https://attendee.gotowebinar.com/register/5252919376200633603
Presented by: Mike Zydor, Managing Director of Affiliated Monitoring www.affiliated.com
Topic: Selecting the right monitoring center for your PERS business is a key to growth
Q&A: Send your questions in advance to Mike Zydor at firstname.lastname@example.org
Title: Licensing and Contracting for your nationwide PERS operation
Date and time: July 27, 2016 12 noon to 1 PM
Place: your computer
Register here: https://attendee.gotowebinar.com/register/5380922320883276803
Presented by: Licensing by Nicoletta Lakatos, Esq., licensing counsel at Kirschenbaum & Kirschenbaum; Nationwide PERS Agreement by Jesse Kirschenbaum,Esq., contract counsel at Kirschenbaum & Kirschenbaum. Moderator: Ken Kirschenbaum
Topic: Licensing for nationwide PERS. Agreement needed for nationwide PERS
Q&A: Send your questions in advance, for licensing to Nicoletta Lakatos at NLakatos@KirschenbaumEsq.com and for contract questions to Jesse Kirschenbaum at Jesse@KirschenbaumEsq.com
Title: Telemarketing nationwide
Date and time: August 3, 2016 12 noon to 1 PM
Place: your computer
Register here: https://attendee.gotowebinar.com/register/3591740925073303811
Presented by: Matthew Pitts, Director of Legal Compliance, Alliance Security, Rhode Island.
Topic: state telemarketing licensing; Federal and State Do-Not-Call compliance and call scrubbing; current legislation including the Telephone Consumer Protection Act (TCPA) and the Telephone Sales Rule (TSR); vicarious liability and the use of sales affiliates; recent litigation trends.
Q&A: Send your questions in advance to email@example.com