Start-Up Costs and Fees |
||
| Owens Corning Basement Finishing System | Grout Wizard | |
| Investment | 41000 - 167000 | 20615 - 33725 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 5% | 6%-9% |
| Advertising Fee | 3% | |
| Year Founded | 2000 | 1997 |
| Year Franchised | 2000 | 2001 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Owens Corning Basement Finishing System | Grout Wizard | |
| Experience | Industry experience General business experience Marketing skills Must have or obtain a general contracting license; specialty in-home selling | You need no previous business nor technical experience at all. Franchisees come from all backgrounds, ages and genders. The Company will teach you every phase of the business step by step. All you need is the desire to own and operate your own business. |
Financing Options |
||
| Owens Corning Basement Finishing System | Grout Wizard | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Owens Corning Basement Finishing System | Grout Wizard | |
| Training | There is a required 5-day, in depth, hands on training program that all Franchisees must successfully complete. Each Franchisee will be provided with the details of GROUT WIZARD procedures, methods of operations, sales techniques, communications, advertising, managing employees, interacting with customers and every aspect of operating a successful GROUT WIZARD business. | |
| Support | Meetings, Internet, Field operations/evaluations, Purchasing cooperatives | Meetings, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks, National media | Ad slicks |
| 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) | Franchise can be run from home. Number of employees needed to run franchised unit: 2 - 4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Owens Corning Basement Finishing System | Grout Wizard | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Owens Corning Basement Finishing System | |
| Grout Wizard | |
| Franchise Fee | |
| Owens Corning Basement Finishing System | |
| Grout Wizard | |
| Royalty Fee | |
| Owens Corning Basement Finishing System | 5% |
| Grout Wizard | 6%-9% |
| Advertising Fee | |
| Owens Corning Basement Finishing System | |
| Grout Wizard | 3% |
| Year Founded | |
| Owens Corning Basement Finishing System | 2000 |
| Grout Wizard | 1997 |
| Year Franchised | |
| Owens Corning Basement Finishing System | 2000 |
| Grout Wizard | 2001 |
| Term Of Agreement | |
| Owens Corning Basement Finishing System | 5 years |
| Grout Wizard | 5 years |
| Renewal Fee | |
| Owens Corning Basement Finishing System | $9K |
| Grout Wizard | |
Business Experience Requirements |
|
| 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 |
| Grout Wizard | You need no previous business nor technical experience at all. Franchisees come from all backgrounds, ages and genders. The Company will teach you every phase of the business step by step. All you need is the desire to own and operate your own business. |
Financing Options |
|
| Franchise Fees | |
| Owens Corning Basement Finishing System | No |
| Grout Wizard | No |
| Start-up Costs | |
| Owens Corning Basement Finishing System | |
| Grout Wizard | |
| Equipment | |
| Owens Corning Basement Finishing System} | |
| Grout Wizard | |
| Inventory | |
| Owens Corning Basement Finishing System | |
| Grout Wizard | |
| Receivables | |
| Owens Corning Basement Finishing System | |
| Grout Wizard | |
| Payroll | |
| Owens Corning Basement Finishing System | |
| Grout Wizard | |
Training & Support |
|
| Training | |
| Owens Corning Basement Finishing System | |
| Grout Wizard | There is a required 5-day, in depth, hands on training program that all Franchisees must successfully complete. Each Franchisee will be provided with the details of GROUT WIZARD procedures, methods of operations, sales techniques, communications, advertising, managing employees, interacting with customers and every aspect of operating a successful GROUT WIZARD business. |
| Support | |
| Owens Corning Basement Finishing System | Meetings, Internet, Field operations/evaluations, Purchasing cooperatives |
| Grout Wizard | Meetings, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Owens Corning Basement Finishing System | Co-op advertising, Ad slicks, National media |
| Grout Wizard | Ad slicks |
| Operations | |
| 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) |
| Grout Wizard | Franchise can be run from home. Number of employees needed to run franchised unit: 2 - 4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Owens Corning Basement Finishing System | |
| Grout Wizard | |
| Canada Expansion | |
| Owens Corning Basement Finishing System | |
| Grout Wizard | |
| International Expansion | |
| Owens Corning Basement Finishing System | |
| Grout Wizard | |