Start-Up Costs and Fees |
||
| Basement Living Systems USA | Aaron's Sales & Lease Ownership | |
| Investment | 190000 - 320000 | 283270 - 852975 |
| Franchise Fee | ||
| Royalty Fee | 4% | 6% |
| Advertising Fee | 1% | |
| Year Founded | 1953 | 1955 |
| Year Franchised | 2008 | 1992 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Basement Living Systems USA | Aaron's Sales & Lease Ownership | |
| Experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. | General business experience |
Financing Options |
||
| Basement Living Systems USA | Aaron's Sales & Lease Ownership | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Basement Living Systems USA | Aaron's Sales & Lease Ownership | |
| 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 | Marketing materials are created and available | Co-op advertising, Ad slicks, National media, Regional advertising |
| 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 |
||
| Basement Living Systems USA | Aaron's Sales & Lease Ownership | |
| 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 | |
| Basement Living Systems USA | |
| Aaron's Sales & Lease Ownership | |
| Franchise Fee | |
| Basement Living Systems USA | |
| Aaron's Sales & Lease Ownership | |
| Royalty Fee | |
| Basement Living Systems USA | 4% |
| Aaron's Sales & Lease Ownership | 6% |
| Advertising Fee | |
| Basement Living Systems USA | 1% |
| Aaron's Sales & Lease Ownership | |
| Year Founded | |
| Basement Living Systems USA | 1953 |
| Aaron's Sales & Lease Ownership | 1955 |
| Year Franchised | |
| Basement Living Systems USA | 2008 |
| Aaron's Sales & Lease Ownership | 1992 |
| Term Of Agreement | |
| Basement Living Systems USA | 5 years +5+5+5 |
| Aaron's Sales & Lease Ownership | 10 years |
| Renewal Fee | |
| Basement Living Systems USA | $5,000 |
| Aaron's Sales & Lease Ownership | $2.5K |
Business Experience Requirements |
|
| Experience | |
| Basement Living Systems USA | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
| Aaron's Sales & Lease Ownership | General business experience |
Financing Options |
|
| Franchise Fees | |
| Basement Living Systems USA | No |
| Aaron's Sales & Lease Ownership | No |
| Start-up Costs | |
| Basement Living Systems USA | |
| Aaron's Sales & Lease Ownership | |
| Equipment | |
| Basement Living Systems USA} | |
| Aaron's Sales & Lease Ownership | |
| Inventory | |
| Basement Living Systems USA | |
| Aaron's Sales & Lease Ownership | |
| Receivables | |
| Basement Living Systems USA | |
| Aaron's Sales & Lease Ownership | |
| Payroll | |
| Basement Living Systems USA | |
| Aaron's Sales & Lease Ownership | |
Training & Support |
|
| Training | |
| Basement Living Systems USA | Initial one week orientation and ongoing |
| Aaron's Sales & Lease Ownership | |
| Support | |
| Basement Living Systems USA | |
| Aaron's Sales & Lease Ownership | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Basement Living Systems USA | Marketing materials are created and available |
| Aaron's Sales & Lease Ownership | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Basement Living Systems USA | |
| 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) |
Expansion Plans |
|
| US Expansion | |
| 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 |
| Aaron's Sales & Lease Ownership | |
| Canada Expansion | |
| Basement Living Systems USA | |
| Aaron's Sales & Lease Ownership | 0 |
| International Expansion | |
| Basement Living Systems USA | |
| Aaron's Sales & Lease Ownership | |