An
estimated 14,000,000 homes use propane for heating, water heating, cooking
and clothes drying, and many other uses.
The Market for Propane
Customers: As
a 1st Propane® franchise owner, you rent a
propane tank 100-1000 gallons in size to a rural home or business.
Typically you refill the tank 3-4 times a year, tracking the customer's
consumption
using the PLATO Tracker delivery routing system.
Not a Fad!: Propane has been in use for over 75 years.
Large Exisiting User Base: Propane is used in over 14,000,000 homes.
Annual Sales: U.S. sales of propane exceed $10,000,000,000 (10
billion) per year.
Growth: The market
is growing at 2.5% per year, HOWEVER, because we are selecting only fast
growing markets with strong long-term
growth potential, our franchise market areas are growing faster than
the national rate.
Rural Homes: A
1st Propane® franchise is focused mainly on rural
homes that are using propane to heat the home. It is estimated that
there are 7,000,000 homes in the U.S. using propane for heat.
Large Territories: We sell only territories that already have at
least 10,000 homes using propane. We expect that most franchise locations
will grow to 1000-2000 customers, although larger customer bases are
easily supported by the PLATO System.