Water Intelligence opens corporate-owned facility in DC

The AIM-traded company said the operation would not be a ‘greenfield’ location, explaining that previously - by permission of corporate - neighbouring franchises had successfully serviced the corporate-owned territory and paid royalties to the group's American Leak Detection subsidiary.

It would be inserting an experienced team into Washington DC to build upon existing customer traction and to put all revenue and earnings directly onto the company's accounts.

Given the running start, the board said it expected the operation would be at least break-even within its first year, with significantly less capital outlay than a typical franchise reacquisition.

“Washington DC is a high profile, high disposable income territory in which to showcase our solutions to the problem of water loss - a salient public policy issue,” said executive chairman Patrick DeSouza.

“Strategically, Washington DC extends corporate operations in the northeast of the United States from its current Boston and New York locations.

“Moreover, all along this northeast corridor the group can now support more fully the growth of its franchise-operated locations.”