Start-Up Costs and Fees |
||
| Basement Living Systems USA | HomePros | |
| Investment | 190000 - 320000 | 101285 - 143475 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 7% |
| Advertising Fee | 1% | |
| Year Founded | 1953 | 2001 |
| Year Franchised | 2008 | 2002 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
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| Basement Living Systems USA | HomePros | |
| Experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. | Industry experience General business experience Basic home repair skills |
Financing Options |
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| Basement Living Systems USA | HomePros | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Basement Living Systems USA | HomePros | |
| Training | Initial one week orientation and ongoing | |
| Support | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations | |
| Marketing | Marketing materials are created and available | Ad slicks |
| Operations | Franchise can be run from home. 28% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Basement Living Systems USA | HomePros | |
| 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 | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Basement Living Systems USA | |
| HomePros | |
| Franchise Fee | |
| Basement Living Systems USA | |
| HomePros | |
| Royalty Fee | |
| Basement Living Systems USA | 4% |
| HomePros | 7% |
| Advertising Fee | |
| Basement Living Systems USA | 1% |
| HomePros | |
| Year Founded | |
| Basement Living Systems USA | 1953 |
| HomePros | 2001 |
| Year Franchised | |
| Basement Living Systems USA | 2008 |
| HomePros | 2002 |
| Term Of Agreement | |
| Basement Living Systems USA | 5 years +5+5+5 |
| HomePros | 5 years |
| Renewal Fee | |
| Basement Living Systems USA | $5,000 |
| HomePros | |
Business Experience Requirements |
|
| Experience | |
| Basement Living Systems USA | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
| HomePros | Industry experience General business experience Basic home repair skills |
Financing Options |
|
| Franchise Fees | |
| Basement Living Systems USA | No |
| HomePros | No |
| Start-up Costs | |
| Basement Living Systems USA | |
| HomePros | |
| Equipment | |
| Basement Living Systems USA} | |
| HomePros | |
| Inventory | |
| Basement Living Systems USA | |
| HomePros | |
| Receivables | |
| Basement Living Systems USA | |
| HomePros | |
| Payroll | |
| Basement Living Systems USA | |
| HomePros | |
Training & Support |
|
| Training | |
| Basement Living Systems USA | Initial one week orientation and ongoing |
| HomePros | |
| Support | |
| Basement Living Systems USA | |
| HomePros | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| Basement Living Systems USA | Marketing materials are created and available |
| HomePros | Ad slicks |
| Operations | |
| Basement Living Systems USA | |
| HomePros | Franchise can be run from home. 28% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (100% 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 |
| HomePros | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | |
| Basement Living Systems USA | |
| HomePros | |
| International Expansion | |
| Basement Living Systems USA | |
| HomePros | |