Start-Up Costs and Fees |
||
| OpenWorks | Stratus Building Solutions | |
| Investment | 15000 - 150000 | 4450 - 79750 |
| Franchise Fee | 0 | |
| Royalty Fee | 5-10% | 5% |
| Advertising Fee | to 1% | |
| Year Founded | 1983 | 2004 |
| Year Franchised | 1983 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| OpenWorks | Stratus Building Solutions | |
| Experience | General business experience | |
Financing Options |
||
| OpenWorks | Stratus Building Solutions | |
| Franchise Fees | Yes | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | No | |
Training & Support |
||
| OpenWorks | Stratus Building Solutions | |
| Training | On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: Classroom & on-the-job training | |
| Support | Newsletter, Meetings, Toll-free phone line, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development |
| Operations | Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| OpenWorks | Stratus Building Solutions | |
| US Expansion | 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| OpenWorks | |
| Stratus Building Solutions | |
| Franchise Fee | |
| OpenWorks | |
| Stratus Building Solutions | |
| Royalty Fee | |
| OpenWorks | 5-10% |
| Stratus Building Solutions | 5% |
| Advertising Fee | |
| OpenWorks | |
| Stratus Building Solutions | to 1% |
| Year Founded | |
| OpenWorks | 1983 |
| Stratus Building Solutions | 2004 |
| Year Franchised | |
| OpenWorks | 1983 |
| Stratus Building Solutions | 2004 |
| Term Of Agreement | |
| OpenWorks | 10 years |
| Stratus Building Solutions | |
| Renewal Fee | |
| OpenWorks | |
| Stratus Building Solutions | |
Business Experience Requirements |
|
| Experience | |
| OpenWorks | General business experience |
| Stratus Building Solutions | |
Financing Options |
|
| Franchise Fees | |
| OpenWorks | Yes |
| Stratus Building Solutions | Yes |
| Start-up Costs | |
| OpenWorks | |
| Stratus Building Solutions | |
| Equipment | |
| OpenWorks} | |
| Stratus Building Solutions | |
| Inventory | |
| OpenWorks | |
| Stratus Building Solutions | |
| Receivables | |
| OpenWorks | |
| Stratus Building Solutions | |
| Payroll | |
| OpenWorks | |
| Stratus Building Solutions | |
Training & Support |
|
| Training | |
| OpenWorks | |
| Stratus Building Solutions | On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: Classroom & on-the-job training |
| Support | |
| OpenWorks | Newsletter, Meetings, Toll-free phone line, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Stratus Building Solutions | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| OpenWorks | Regional advertising |
| Stratus Building Solutions | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development |
| Operations | |
| OpenWorks | Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Stratus Building Solutions | |
Expansion Plans |
|
| US Expansion | |
| OpenWorks | |
| Stratus Building Solutions | 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 | |
| OpenWorks | |
| Stratus Building Solutions | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| OpenWorks | |
| Stratus Building Solutions | |