Start-Up Costs and Fees |
||
| Aaron's Sales & Lease Ownership | Basement Living Systems USA | |
| Investment | 283270 - 852975 | 190000 - 320000 |
| Franchise Fee | ||
| Royalty Fee | 6% | 4% |
| Advertising Fee | 1% | |
| Year Founded | 1955 | 1953 |
| Year Franchised | 1992 | 2008 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Aaron's Sales & Lease Ownership | Basement Living Systems USA | |
| Experience | General business experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
Financing Options |
||
| Aaron's Sales & Lease Ownership | Basement Living Systems USA | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Aaron's Sales & Lease Ownership | Basement Living Systems USA | |
| Training | Initial one week orientation and ongoing | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Marketing materials are created and available |
| Operations | International franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. (30% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Aaron's Sales & Lease Ownership | Basement Living Systems USA | |
| 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 | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Aaron's Sales & Lease Ownership | |
| Basement Living Systems USA | |
| Franchise Fee | |
| Aaron's Sales & Lease Ownership | |
| Basement Living Systems USA | |
| Royalty Fee | |
| Aaron's Sales & Lease Ownership | 6% |
| Basement Living Systems USA | 4% |
| Advertising Fee | |
| Aaron's Sales & Lease Ownership | |
| Basement Living Systems USA | 1% |
| Year Founded | |
| Aaron's Sales & Lease Ownership | 1955 |
| Basement Living Systems USA | 1953 |
| Year Franchised | |
| Aaron's Sales & Lease Ownership | 1992 |
| Basement Living Systems USA | 2008 |
| Term Of Agreement | |
| Aaron's Sales & Lease Ownership | 10 years |
| Basement Living Systems USA | 5 years +5+5+5 |
| Renewal Fee | |
| Aaron's Sales & Lease Ownership | $2.5K |
| Basement Living Systems USA | $5,000 |
Business Experience Requirements |
|
| Experience | |
| Aaron's Sales & Lease Ownership | General business experience |
| Basement Living Systems USA | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
Financing Options |
|
| Franchise Fees | |
| Aaron's Sales & Lease Ownership | No |
| Basement Living Systems USA | No |
| Start-up Costs | |
| Aaron's Sales & Lease Ownership | |
| Basement Living Systems USA | |
| Equipment | |
| Aaron's Sales & Lease Ownership} | |
| Basement Living Systems USA | |
| Inventory | |
| Aaron's Sales & Lease Ownership | |
| Basement Living Systems USA | |
| Receivables | |
| Aaron's Sales & Lease Ownership | |
| Basement Living Systems USA | |
| Payroll | |
| Aaron's Sales & Lease Ownership | |
| Basement Living Systems USA | |
Training & Support |
|
| Training | |
| Aaron's Sales & Lease Ownership | |
| Basement Living Systems USA | Initial one week orientation and ongoing |
| Support | |
| Aaron's Sales & Lease Ownership | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Basement Living Systems USA | |
| Marketing | |
| Aaron's Sales & Lease Ownership | Co-op advertising, Ad slicks, National media, Regional advertising |
| Basement Living Systems USA | Marketing materials are created and available |
| Operations | |
| Aaron's Sales & Lease Ownership | International franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. (30% of current franchisees are owner/operators) |
| Basement Living Systems USA | |
Expansion Plans |
|
| US Expansion | |
| Aaron's Sales & Lease Ownership | |
| Basement Living Systems USA | 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 |
| Canada Expansion | |
| Aaron's Sales & Lease Ownership | 0 |
| Basement Living Systems USA | |
| International Expansion | |
| Aaron's Sales & Lease Ownership | |
| Basement Living Systems USA | |