Start-Up Costs and Fees |
||
| Room Evolutions | HomePros | |
| Investment | 190000 - 320000 | 101285 - 143475 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 7% |
| Advertising Fee | 1% | |
| Year Founded | 1953 | 2001 |
| Year Franchised | 2008 | 2002 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Room Evolutions | HomePros | |
| Experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. | Industry experience General business experience Basic home repair skills |
Financing Options |
||
| Room Evolutions | HomePros | |
| 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 | HomePros | |
| Training | Initial one week orientation and ongoing | |
| Support | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations | |
| Marketing | Marketing materials are created and available | Ad slicks |
| Operations | Franchise can be run from home. 28% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Room Evolutions | HomePros | |
| US Expansion | Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Ohio, Pennsylvania, Virginia, Wisconsin | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Room Evolutions | |
| HomePros | |
| Franchise Fee | |
| Room Evolutions | |
| HomePros | |
| Royalty Fee | |
| Room Evolutions | 4% |
| HomePros | 7% |
| Advertising Fee | |
| Room Evolutions | 1% |
| HomePros | |
| Year Founded | |
| Room Evolutions | 1953 |
| HomePros | 2001 |
| Year Franchised | |
| Room Evolutions | 2008 |
| HomePros | 2002 |
| Term Of Agreement | |
| Room Evolutions | 5 years +5+5+5 |
| HomePros | 5 years |
| Renewal Fee | |
| Room Evolutions | $5,000 |
| HomePros | |
Business Experience Requirements |
|
| Experience | |
| Room Evolutions | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
| HomePros | Industry experience General business experience Basic home repair skills |
Financing Options |
|
| Franchise Fees | |
| Room Evolutions | No |
| HomePros | No |
| Start-up Costs | |
| Room Evolutions | |
| HomePros | |
| Equipment | |
| Room Evolutions} | |
| HomePros | |
| Inventory | |
| Room Evolutions | |
| HomePros | |
| Receivables | |
| Room Evolutions | |
| HomePros | |
| Payroll | |
| Room Evolutions | |
| HomePros | |
Training & Support |
|
| Training | |
| Room Evolutions | Initial one week orientation and ongoing |
| HomePros | |
| Support | |
| Room Evolutions | |
| HomePros | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| Room Evolutions | Marketing materials are created and available |
| HomePros | Ad slicks |
| Operations | |
| Room Evolutions | |
| HomePros | Franchise can be run from home. 28% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT 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 |
| HomePros | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | |
| Room Evolutions | |
| HomePros | |
| International Expansion | |
| Room Evolutions | |
| HomePros | |