Start-Up Costs and Fees |
||
| Room Evolutions | 5 Day Kitchens | |
| Investment | 190000 - 320000 | 88100 - 375600 |
| Franchise Fee | ||
| Royalty Fee | 4% | 4 - 5% Sliding Scale |
| Advertising Fee | 1% | |
| Year Founded | 1953 | 2008 |
| Year Franchised | 2008 | 2012 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Room Evolutions | 5 Day Kitchens | |
| Experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. | |
Financing Options |
||
| Room Evolutions | 5 Day Kitchens | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Room Evolutions | 5 Day Kitchens | |
| Training | Initial one week orientation and ongoing | Available at headquarters: 5 Days Corporate University. At franchisee's location: As needed. Sales training, 2 days; Operations & startup training, 3 days; Installation training: 5 days |
| Support | Newsletter, Meetings, Toll-free phone line, Grand Opening, Internet, Field Operations/Evaluations, Purchasing Cooperatives, Lease Negotiation | |
| Marketing | Marketing materials are created and available | Ad slicks, Regional Advertising, Brochures, Catalogs, Coupons/Rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits, Videos, Website, Displays, Mobile Showrooms, Vehicle Wraps |
| Operations | 10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators). | |
Expansion Plans |
||
| Room Evolutions | 5 Day Kitchens | |
| US Expansion | Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Ohio, Pennsylvania, Virginia, Wisconsin | 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 | ||
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Room Evolutions | |
| 5 Day Kitchens | |
| Franchise Fee | |
| Room Evolutions | |
| 5 Day Kitchens | |
| Royalty Fee | |
| Room Evolutions | 4% |
| 5 Day Kitchens | 4 - 5% Sliding Scale |
| Advertising Fee | |
| Room Evolutions | 1% |
| 5 Day Kitchens | |
| Year Founded | |
| Room Evolutions | 1953 |
| 5 Day Kitchens | 2008 |
| Year Franchised | |
| Room Evolutions | 2008 |
| 5 Day Kitchens | 2012 |
| Term Of Agreement | |
| Room Evolutions | 5 years +5+5+5 |
| 5 Day Kitchens | |
| Renewal Fee | |
| Room Evolutions | $5,000 |
| 5 Day Kitchens | |
Business Experience Requirements |
|
| Experience | |
| Room Evolutions | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
| 5 Day Kitchens | |
Financing Options |
|
| Franchise Fees | |
| Room Evolutions | No |
| 5 Day Kitchens | No |
| Start-up Costs | |
| Room Evolutions | |
| 5 Day Kitchens | |
| Equipment | |
| Room Evolutions} | |
| 5 Day Kitchens | |
| Inventory | |
| Room Evolutions | |
| 5 Day Kitchens | |
| Receivables | |
| Room Evolutions | |
| 5 Day Kitchens | |
| Payroll | |
| Room Evolutions | |
| 5 Day Kitchens | |
Training & Support |
|
| Training | |
| Room Evolutions | Initial one week orientation and ongoing |
| 5 Day Kitchens | Available at headquarters: 5 Days Corporate University. At franchisee's location: As needed. Sales training, 2 days; Operations & startup training, 3 days; Installation training: 5 days |
| Support | |
| Room Evolutions | |
| 5 Day Kitchens | Newsletter, Meetings, Toll-free phone line, Grand Opening, Internet, Field Operations/Evaluations, Purchasing Cooperatives, Lease Negotiation |
| Marketing | |
| Room Evolutions | Marketing materials are created and available |
| 5 Day Kitchens | Ad slicks, Regional Advertising, Brochures, Catalogs, Coupons/Rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits, Videos, Website, Displays, Mobile Showrooms, Vehicle Wraps |
| Operations | |
| Room Evolutions | |
| 5 Day Kitchens | 10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators). |
Expansion Plans |
|
| US Expansion | |
| Room Evolutions | Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Ohio, Pennsylvania, Virginia, Wisconsin |
| 5 Day Kitchens | 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 | |
| Room Evolutions | |
| 5 Day Kitchens | |
| International Expansion | |
| Room Evolutions | |
| 5 Day Kitchens | Canada, |