Start-Up Costs and Fees |
||
| 5 Day Kitchens | Room Evolutions | |
| Investment | 88100 - 375600 | 190000 - 320000 |
| Franchise Fee | ||
| Royalty Fee | 4 - 5% Sliding Scale | 4% |
| Advertising Fee | 1% | |
| Year Founded | 2008 | 1953 |
| Year Franchised | 2012 | 2008 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| 5 Day Kitchens | Room Evolutions | |
| Experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. | |
Financing Options |
||
| 5 Day Kitchens | Room Evolutions | |
| Franchise Fees | Yes | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| 5 Day Kitchens | Room Evolutions | |
| Training | Available at headquarters: 5 Days Corporate University. At franchisee's location: As needed. Sales training, 2 days; Operations & startup training, 3 days; Installation training: 5 days | Initial one week orientation and ongoing |
| Support | Newsletter, Meetings, Toll-free phone line, Grand Opening, Internet, Field Operations/Evaluations, Purchasing Cooperatives, Lease Negotiation | |
| Marketing | Ad slicks, Regional Advertising, Brochures, Catalogs, Coupons/Rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits, Videos, Website, Displays, Mobile Showrooms, Vehicle Wraps | Marketing materials are created and available |
| Operations | 10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators). | |
Expansion Plans |
||
| 5 Day Kitchens | Room Evolutions | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Ohio, Pennsylvania, Virginia, Wisconsin |
| Canada Expansion | ||
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| 5 Day Kitchens | |
| Room Evolutions | |
| Franchise Fee | |
| 5 Day Kitchens | |
| Room Evolutions | |
| Royalty Fee | |
| 5 Day Kitchens | 4 - 5% Sliding Scale |
| Room Evolutions | 4% |
| Advertising Fee | |
| 5 Day Kitchens | |
| Room Evolutions | 1% |
| Year Founded | |
| 5 Day Kitchens | 2008 |
| Room Evolutions | 1953 |
| Year Franchised | |
| 5 Day Kitchens | 2012 |
| Room Evolutions | 2008 |
| Term Of Agreement | |
| 5 Day Kitchens | |
| Room Evolutions | 5 years +5+5+5 |
| Renewal Fee | |
| 5 Day Kitchens | |
| Room Evolutions | $5,000 |
Business Experience Requirements |
|
| Experience | |
| 5 Day Kitchens | |
| Room Evolutions | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
Financing Options |
|
| Franchise Fees | |
| 5 Day Kitchens | Yes |
| Room Evolutions | Yes |
| Start-up Costs | |
| 5 Day Kitchens | |
| Room Evolutions | |
| Equipment | |
| 5 Day Kitchens} | |
| Room Evolutions | |
| Inventory | |
| 5 Day Kitchens | |
| Room Evolutions | |
| Receivables | |
| 5 Day Kitchens | |
| Room Evolutions | |
| Payroll | |
| 5 Day Kitchens | |
| Room Evolutions | |
Training & Support |
|
| Training | |
| 5 Day Kitchens | Available at headquarters: 5 Days Corporate University. At franchisee's location: As needed. Sales training, 2 days; Operations & startup training, 3 days; Installation training: 5 days |
| Room Evolutions | Initial one week orientation and ongoing |
| Support | |
| 5 Day Kitchens | Newsletter, Meetings, Toll-free phone line, Grand Opening, Internet, Field Operations/Evaluations, Purchasing Cooperatives, Lease Negotiation |
| Room Evolutions | |
| Marketing | |
| 5 Day Kitchens | Ad slicks, Regional Advertising, Brochures, Catalogs, Coupons/Rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits, Videos, Website, Displays, Mobile Showrooms, Vehicle Wraps |
| Room Evolutions | Marketing materials are created and available |
| Operations | |
| 5 Day Kitchens | 10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators). |
| Room Evolutions | |
Expansion Plans |
|
| US Expansion | |
| 5 Day Kitchens | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Room Evolutions | Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Ohio, Pennsylvania, Virginia, Wisconsin |
| Canada Expansion | |
| 5 Day Kitchens | |
| Room Evolutions | |
| International Expansion | |
| 5 Day Kitchens | Canada, |
| Room Evolutions | |