Start-Up Costs and Fees |
||
| Basement Living Systems USA | Renovation Professionals | |
| Investment | 190000 - 320000 | 28500 - 50980 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 4% |
| Advertising Fee | 1% | |
| Year Founded | 1953 | 1997 |
| Year Franchised | 2008 | 2002 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Basement Living Systems USA | Renovation Professionals | |
| Experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. | |
Financing Options |
||
| Basement Living Systems USA | Renovation Professionals | |
| 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 | Renovation Professionals | |
| Training | Initial one week orientation and ongoing | Online training |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Marketing materials are created and available | Ad slicks, Regional advertising |
| Operations | Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Basement Living Systems USA | Renovation Professionals | |
| 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 | Mid West, South, South East, South West, |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Basement Living Systems USA | |
| Renovation Professionals | |
| Franchise Fee | |
| Basement Living Systems USA | |
| Renovation Professionals | |
| Royalty Fee | |
| Basement Living Systems USA | 4% |
| Renovation Professionals | 4% |
| Advertising Fee | |
| Basement Living Systems USA | 1% |
| Renovation Professionals | |
| Year Founded | |
| Basement Living Systems USA | 1953 |
| Renovation Professionals | 1997 |
| Year Franchised | |
| Basement Living Systems USA | 2008 |
| Renovation Professionals | 2002 |
| Term Of Agreement | |
| Basement Living Systems USA | 5 years +5+5+5 |
| Renovation Professionals | 5 years |
| Renewal Fee | |
| Basement Living Systems USA | $5,000 |
| Renovation Professionals | |
Business Experience Requirements |
|
| Experience | |
| Basement Living Systems USA | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
| Renovation Professionals | |
Financing Options |
|
| Franchise Fees | |
| Basement Living Systems USA | No |
| Renovation Professionals | No |
| Start-up Costs | |
| Basement Living Systems USA | |
| Renovation Professionals | |
| Equipment | |
| Basement Living Systems USA} | |
| Renovation Professionals | |
| Inventory | |
| Basement Living Systems USA | |
| Renovation Professionals | |
| Receivables | |
| Basement Living Systems USA | |
| Renovation Professionals | |
| Payroll | |
| Basement Living Systems USA | |
| Renovation Professionals | |
Training & Support |
|
| Training | |
| Basement Living Systems USA | Initial one week orientation and ongoing |
| Renovation Professionals | Online training |
| Support | |
| Basement Living Systems USA | |
| Renovation Professionals | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Basement Living Systems USA | Marketing materials are created and available |
| Renovation Professionals | Ad slicks, Regional advertising |
| Operations | |
| Basement Living Systems USA | |
| Renovation Professionals | Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is 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 |
| Renovation Professionals | Mid West, South, South East, South West, |
| Canada Expansion | |
| Basement Living Systems USA | |
| Renovation Professionals | |
| International Expansion | |
| Basement Living Systems USA | |
| Renovation Professionals | |