Start-Up Costs and Fees |
||
| Grout Wizard | Owens Corning Basement Finishing System | |
| Investment | 20615 - 33725 | 41000 - 167000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6%-9% | 5% |
| Advertising Fee | 3% | |
| Year Founded | 1997 | 2000 |
| Year Franchised | 2001 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Grout Wizard | Owens Corning Basement Finishing System | |
| Experience | 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. | Industry experience General business experience Marketing skills Must have or obtain a general contracting license; specialty in-home selling |
Financing Options |
||
| Grout Wizard | Owens Corning Basement Finishing System | |
| Franchise Fees | Yes | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Grout Wizard | Owens Corning Basement Finishing System | |
| 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, Security/safety procedures, Field operations/evaluations | Meetings, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Ad slicks | Co-op advertising, Ad slicks, National media |
| Operations | 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) | 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 |
||
| Grout Wizard | Owens Corning Basement Finishing System | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Grout Wizard | |
| Owens Corning Basement Finishing System | |
| Franchise Fee | |
| Grout Wizard | |
| Owens Corning Basement Finishing System | |
| Royalty Fee | |
| Grout Wizard | 6%-9% |
| Owens Corning Basement Finishing System | 5% |
| Advertising Fee | |
| Grout Wizard | 3% |
| Owens Corning Basement Finishing System | |
| Year Founded | |
| Grout Wizard | 1997 |
| Owens Corning Basement Finishing System | 2000 |
| Year Franchised | |
| Grout Wizard | 2001 |
| Owens Corning Basement Finishing System | 2000 |
| Term Of Agreement | |
| Grout Wizard | 5 years |
| Owens Corning Basement Finishing System | 5 years |
| Renewal Fee | |
| Grout Wizard | |
| Owens Corning Basement Finishing System | $9K |
Business Experience Requirements |
|
| Experience | |
| 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. |
| 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 | |
| Grout Wizard | Yes |
| Owens Corning Basement Finishing System | Yes |
| Start-up Costs | |
| Grout Wizard | |
| Owens Corning Basement Finishing System | |
| Equipment | |
| Grout Wizard} | |
| Owens Corning Basement Finishing System | |
| Inventory | |
| Grout Wizard | |
| Owens Corning Basement Finishing System | |
| Receivables | |
| Grout Wizard | |
| Owens Corning Basement Finishing System | |
| Payroll | |
| Grout Wizard | |
| Owens Corning Basement Finishing System | |
Training & Support |
|
| Training | |
| 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. |
| Owens Corning Basement Finishing System | |
| Support | |
| Grout Wizard | Meetings, Internet, Security/safety procedures, Field operations/evaluations |
| Owens Corning Basement Finishing System | Meetings, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Grout Wizard | Ad slicks |
| Owens Corning Basement Finishing System | Co-op advertising, Ad slicks, National media |
| Operations | |
| 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) |
| 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 | |
| Grout Wizard | |
| Owens Corning Basement Finishing System | |
| Canada Expansion | |
| Grout Wizard | |
| Owens Corning Basement Finishing System | |
| International Expansion | |
| Grout Wizard | |
| Owens Corning Basement Finishing System | |