Risk Score
Pending analysis
Investment Range
$100,000 - $244,000
Franchise Fee
$37,125
Total US Locations
107
Business Summary
GoliathTech operates a business that specializes in selling and installing helical piles, also known as screw piles. GoliathTech manufactures these piles, and franchisees provide the products and services under the GoliathTech brand and system. Franchisees can run the business as a standalone operation or as an addition to an existing business. GoliathTech's products and services are sold to both the commercial and residential construction industries.
Corporate History
GoliathTech's business originated with Les pieux Goliath, a Quebec, Canada corporation formed in 2004, which manufactured helical piles. GoliathTech Inc. was incorporated in March 2013, also in Quebec, Canada, and subsequently acquired all the assets of Les pieux Goliath. GoliathTech has been offering franchises similar to the current offering since 2013.
Financial Overview
Investment Range
$100,000 - $244,000
Franchise Fee (Low)
$37,125
Franchise Fee (High)
$49,500
Marketing %
6%
Equipment Costs (Low)
$30,000
Equipment Costs (High)
$76,500
Working Capital
$15,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Going concern qualification
Financial Health Notes
The auditors have raised substantial doubt about GoliathTech's ability to continue as a going concern due to a net loss of $1,341,075, a negative cash flow of $1,316,233, and a cumulative deficit of $4,273,990 for the year ended January 31, 2025. GoliathTech's continued growth and commercial operations rely heavily on its ability to secure sufficient funding through equity or debt and to achieve profitable operations, especially in managing tariffs. While GoliathTech has had past successes, future success is not guaranteed, and the company's ability to meet its obligations is uncertain.
Financing Details
GoliathTech does not provide any direct or indirect financing to its franchisees and does not guarantee any notes, leases, or other obligations. However, GoliathTech franchisees are eligible for expedited and streamlined Small Business Administration (SBA) loan processing through the SBA's Franchise Registry Program.
Performance Metrics
Total US Locations
107
Franchised Units
107
Corporate Units
0
Franchising Since
2013
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
GoliathTech has no litigation history to report. The company has not been involved in any legal actions or proceedings that are required to be disclosed in this section.
Bankruptcy History
GoliathTech has no bankruptcy information to disclose in this FDD document. Neither GoliathTech nor its key management personnel have a history of bankruptcy.
Agreement Terms
Initial Term
5 years
Renewal Term
5 years
Renewal Conditions
To renew their franchise agreement, GoliathTech franchisees must be in good standing, meaning they have no outstanding fees or charges and have not made more than two late payments with written notices in the last three years. Franchisees must also have substantially complied with all operating standards and other written criteria from GoliathTech and met their minimum annual product purchase requirement. They will need to sign GoliathTech's then-current franchise agreement, which may have different terms regarding territory boundaries, economic terms, and fees. Franchisees must retain possession of their business premises or secure a suitable alternative, and refurbish signs and equipment to meet current brand standards. They must also provide written notice of their intent to renew 13 to 18 months before the current agreement ends and must not have engaged in any unethical or dishonest business dealings during the preceding term.
Training & Support Program
Franchisor Assistance
GoliathTech provides pre-opening assistance by licensing the use of its Marks and System, designating a territory, and granting digital access to its Operations Manual. Initial training, lasting approximately 40 hours (36 hours classroom and 4 hours hands-on), is provided at GoliathTech's corporate headquarters in Magog, Quebec, Canada, for the franchisee and up to four employees. After opening, GoliathTech offers ongoing support, including protecting and defending its Marks and System, providing digital updates to the Operations Manual, and managing the marketing program and collected marketing fees. GoliathTech also plans to provide additional ongoing training for franchisees and their managers and employees at no extra charge and expects to be in regular contact to discuss business operations.
Initial Training Hours
40
Training Location
Corporate headquarters in Magog, Quebec, Canada
Ongoing Support
After opening, GoliathTech franchisees receive ongoing support including protection of the Marks and System, continuous digital access to the Operations Manual and its updates, management of the marketing program and collected marketing fees, and provision of periodic training programs. GoliathTech expects to maintain regular contact with franchisees to discuss their business operations and plans to offer additional ongoing training for franchisees, their managers, and employees at no additional charge.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Hybrid
Owner Participation
Supervisory
Territory Type
Protected
Territory Size Requirements
Each GoliathTech territory is protected and defined by towns, cities, zip codes, or other geographic boundaries, based on Market Studies. The geographic area will contain approximately 240,000 to 360,000 households, excluding high-rises. Exceptions may be made if a territory is geographically too large to be serviced efficiently, with corresponding adjustments to the minimum product purchase obligation.
Staffing Notes
GoliathTech requires that either the franchisee or an approved designated manager be responsible for the business's operations and management. If the franchisee delegates management, the manager must successfully complete GoliathTech's initial training program within 60 days of assuming the role. Additionally, any manager and employees who have access to GoliathTech's trade secrets must sign a confidentiality agreement. The Operations Manual contains further specific minimum staffing requirements and qualifications for managers.