Start-Up Costs and Fees |
||
| Norwalk Furniture & Design | Basement Living Systems USA | |
| Investment | 495000 - 495000 | 190000 - 320000 |
| Franchise Fee | ||
| Royalty Fee | 0 | 4% |
| Advertising Fee | 1% | |
| Year Founded | 1902 | 1953 |
| Year Franchised | 1987 | 2008 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Norwalk Furniture & Design | Basement Living Systems USA | |
| Experience | Industry experience General business experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
Financing Options |
||
| Norwalk Furniture & Design | 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 |
||
| Norwalk Furniture & Design | Basement Living Systems USA | |
| Training | Administrative & service management | Initial one week orientation and ongoing |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | |
| Marketing | Ad slicks, Regional advertising | Marketing materials are created and available |
| Operations | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 14 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Norwalk Furniture & Design | 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 | |
| Norwalk Furniture & Design | |
| Basement Living Systems USA | |
| Franchise Fee | |
| Norwalk Furniture & Design | |
| Basement Living Systems USA | |
| Royalty Fee | |
| Norwalk Furniture & Design | 0 |
| Basement Living Systems USA | 4% |
| Advertising Fee | |
| Norwalk Furniture & Design | |
| Basement Living Systems USA | 1% |
| Year Founded | |
| Norwalk Furniture & Design | 1902 |
| Basement Living Systems USA | 1953 |
| Year Franchised | |
| Norwalk Furniture & Design | 1987 |
| Basement Living Systems USA | 2008 |
| Term Of Agreement | |
| Norwalk Furniture & Design | 5 years |
| Basement Living Systems USA | 5 years +5+5+5 |
| Renewal Fee | |
| Norwalk Furniture & Design | |
| Basement Living Systems USA | $5,000 |
Business Experience Requirements |
|
| Experience | |
| Norwalk Furniture & Design | Industry experience 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 | |
| Norwalk Furniture & Design | No |
| Basement Living Systems USA | No |
| Start-up Costs | |
| Norwalk Furniture & Design | |
| Basement Living Systems USA | |
| Equipment | |
| Norwalk Furniture & Design} | |
| Basement Living Systems USA | |
| Inventory | |
| Norwalk Furniture & Design | |
| Basement Living Systems USA | |
| Receivables | |
| Norwalk Furniture & Design | |
| Basement Living Systems USA | |
| Payroll | |
| Norwalk Furniture & Design | |
| Basement Living Systems USA | |
Training & Support |
|
| Training | |
| Norwalk Furniture & Design | Administrative & service management |
| Basement Living Systems USA | Initial one week orientation and ongoing |
| Support | |
| Norwalk Furniture & Design | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Basement Living Systems USA | |
| Marketing | |
| Norwalk Furniture & Design | Ad slicks, Regional advertising |
| Basement Living Systems USA | Marketing materials are created and available |
| Operations | |
| Norwalk Furniture & Design | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 14 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Basement Living Systems USA | |
Expansion Plans |
|
| US Expansion | |
| Norwalk Furniture & Design | |
| 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 | |
| Norwalk Furniture & Design | 0 |
| Basement Living Systems USA | |
| International Expansion | |
| Norwalk Furniture & Design | |
| Basement Living Systems USA | |