Start-Up Costs and Fees |
||
| Basement Living Systems USA | Owens Corning Basement Finishing System | |
| Investment | 190000 - 320000 | 41000 - 167000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 5% |
| Advertising Fee | 1% | |
| Year Founded | 1953 | 2000 |
| Year Franchised | 2008 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Basement Living Systems USA | Owens Corning Basement Finishing System | |
| Experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. | Industry experience General business experience Marketing skills Must have or obtain a general contracting license; specialty in-home selling |
Financing Options |
||
| Basement Living Systems USA | Owens Corning Basement Finishing System | |
| 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 | Owens Corning Basement Finishing System | |
| Training | Initial one week orientation and ongoing | |
| Support | Meetings, Internet, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Marketing materials are created and available | Co-op advertising, Ad slicks, National media |
| Operations | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Basement Living Systems USA | Owens Corning Basement Finishing System | |
| 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Basement Living Systems USA | |
| Owens Corning Basement Finishing System | |
| Franchise Fee | |
| Basement Living Systems USA | |
| Owens Corning Basement Finishing System | |
| Royalty Fee | |
| Basement Living Systems USA | 4% |
| Owens Corning Basement Finishing System | 5% |
| Advertising Fee | |
| Basement Living Systems USA | 1% |
| Owens Corning Basement Finishing System | |
| Year Founded | |
| Basement Living Systems USA | 1953 |
| Owens Corning Basement Finishing System | 2000 |
| Year Franchised | |
| Basement Living Systems USA | 2008 |
| Owens Corning Basement Finishing System | 2000 |
| Term Of Agreement | |
| Basement Living Systems USA | 5 years +5+5+5 |
| Owens Corning Basement Finishing System | 5 years |
| Renewal Fee | |
| Basement Living Systems USA | $5,000 |
| Owens Corning Basement Finishing System | $9K |
Business Experience Requirements |
|
| Experience | |
| Basement Living Systems USA | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
| Owens Corning Basement Finishing System | Industry experience General business experience Marketing skills Must have or obtain a general contracting license; specialty in-home selling |
Financing Options |
|
| Franchise Fees | |
| Basement Living Systems USA | No |
| Owens Corning Basement Finishing System | No |
| Start-up Costs | |
| Basement Living Systems USA | |
| Owens Corning Basement Finishing System | |
| Equipment | |
| Basement Living Systems USA} | |
| Owens Corning Basement Finishing System | |
| Inventory | |
| Basement Living Systems USA | |
| Owens Corning Basement Finishing System | |
| Receivables | |
| Basement Living Systems USA | |
| Owens Corning Basement Finishing System | |
| Payroll | |
| Basement Living Systems USA | |
| Owens Corning Basement Finishing System | |
Training & Support |
|
| Training | |
| Basement Living Systems USA | Initial one week orientation and ongoing |
| Owens Corning Basement Finishing System | |
| Support | |
| Basement Living Systems USA | |
| Owens Corning Basement Finishing System | Meetings, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Basement Living Systems USA | Marketing materials are created and available |
| Owens Corning Basement Finishing System | Co-op advertising, Ad slicks, National media |
| Operations | |
| Basement Living Systems USA | |
| Owens Corning Basement Finishing System | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 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 |
| Owens Corning Basement Finishing System | |
| Canada Expansion | |
| Basement Living Systems USA | |
| Owens Corning Basement Finishing System | |
| International Expansion | |
| Basement Living Systems USA | |
| Owens Corning Basement Finishing System | |