Start-Up Costs and Fees |
||
| Grout Wizard | Room Evolutions | |
| Investment | 20615 - 33725 | 190000 - 320000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6%-9% | 4% |
| Advertising Fee | 3% | 1% |
| Year Founded | 1997 | 1953 |
| Year Franchised | 2001 | 2008 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Grout Wizard | Room Evolutions | |
| 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. | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
Financing Options |
||
| Grout Wizard | Room Evolutions | |
| 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 | Room Evolutions | |
| 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. | Initial one week orientation and ongoing |
| Support | Meetings, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Ad slicks | Marketing materials are created and available |
| 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) | |
Expansion Plans |
||
| Grout Wizard | Room Evolutions | |
| US Expansion | Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Ohio, Pennsylvania, Virginia, Wisconsin | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Grout Wizard | |
| Room Evolutions | |
| Franchise Fee | |
| Grout Wizard | |
| Room Evolutions | |
| Royalty Fee | |
| Grout Wizard | 6%-9% |
| Room Evolutions | 4% |
| Advertising Fee | |
| Grout Wizard | 3% |
| Room Evolutions | 1% |
| Year Founded | |
| Grout Wizard | 1997 |
| Room Evolutions | 1953 |
| Year Franchised | |
| Grout Wizard | 2001 |
| Room Evolutions | 2008 |
| Term Of Agreement | |
| Grout Wizard | 5 years |
| Room Evolutions | 5 years +5+5+5 |
| Renewal Fee | |
| Grout Wizard | |
| Room Evolutions | $5,000 |
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. |
| Room Evolutions | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
Financing Options |
|
| Franchise Fees | |
| Grout Wizard | Yes |
| Room Evolutions | Yes |
| Start-up Costs | |
| Grout Wizard | |
| Room Evolutions | |
| Equipment | |
| Grout Wizard} | |
| Room Evolutions | |
| Inventory | |
| Grout Wizard | |
| Room Evolutions | |
| Receivables | |
| Grout Wizard | |
| Room Evolutions | |
| Payroll | |
| Grout Wizard | |
| Room Evolutions | |
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. |
| Room Evolutions | Initial one week orientation and ongoing |
| Support | |
| Grout Wizard | Meetings, Internet, Security/safety procedures, Field operations/evaluations |
| Room Evolutions | |
| Marketing | |
| Grout Wizard | Ad slicks |
| Room Evolutions | Marketing materials are created and available |
| 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) |
| Room Evolutions | |
Expansion Plans |
|
| US Expansion | |
| Grout Wizard | |
| Room Evolutions | Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Ohio, Pennsylvania, Virginia, Wisconsin |
| Canada Expansion | |
| Grout Wizard | |
| Room Evolutions | |
| International Expansion | |
| Grout Wizard | |
| Room Evolutions | |