Start-Up Costs and Fees |
||
| Owens Corning Basement Finishing System | HomeVestors of America | |
| Investment | 41000 - 167000 | 70000 - 426250 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 5% | Varies |
| Advertising Fee | Varies | |
| Year Founded | 2000 | 1989 |
| Year Franchised | 2000 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Owens Corning Basement Finishing System | HomeVestors of America | |
| Experience | Industry experience General business experience Marketing skills Must have or obtain a general contracting license; specialty in-home selling | General business experience |
Financing Options |
||
| Owens Corning Basement Finishing System | HomeVestors of America | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | Yes |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Owens Corning Basement Finishing System | HomeVestors of America | |
| Training | 1 week initial training | |
| Support | Meetings, Internet, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | Co-op advertising, Ad slicks, National media | Co-op advertising, Ad slicks, Regional advertising |
| Operations | 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) | Less than 5% 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 |
||
| Owens Corning Basement Finishing System | HomeVestors of America | |
| 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Owens Corning Basement Finishing System | |
| HomeVestors of America | |
| Franchise Fee | |
| Owens Corning Basement Finishing System | |
| HomeVestors of America | |
| Royalty Fee | |
| Owens Corning Basement Finishing System | 5% |
| HomeVestors of America | Varies |
| Advertising Fee | |
| Owens Corning Basement Finishing System | |
| HomeVestors of America | Varies |
| Year Founded | |
| Owens Corning Basement Finishing System | 2000 |
| HomeVestors of America | 1989 |
| Year Franchised | |
| Owens Corning Basement Finishing System | 2000 |
| HomeVestors of America | 1996 |
| Term Of Agreement | |
| Owens Corning Basement Finishing System | 5 years |
| HomeVestors of America | 5 years |
| Renewal Fee | |
| Owens Corning Basement Finishing System | $9K |
| HomeVestors of America | |
Business Experience Requirements |
|
| Experience | |
| Owens Corning Basement Finishing System | Industry experience General business experience Marketing skills Must have or obtain a general contracting license; specialty in-home selling |
| HomeVestors of America | General business experience |
Financing Options |
|
| Franchise Fees | |
| Owens Corning Basement Finishing System | No |
| HomeVestors of America | No |
| Start-up Costs | |
| Owens Corning Basement Finishing System | |
| HomeVestors of America | |
| Equipment | |
| Owens Corning Basement Finishing System} | |
| HomeVestors of America | |
| Inventory | |
| Owens Corning Basement Finishing System | |
| HomeVestors of America | |
| Receivables | |
| Owens Corning Basement Finishing System | |
| HomeVestors of America | |
| Payroll | |
| Owens Corning Basement Finishing System | |
| HomeVestors of America | |
Training & Support |
|
| Training | |
| Owens Corning Basement Finishing System | |
| HomeVestors of America | 1 week initial training |
| Support | |
| Owens Corning Basement Finishing System | Meetings, Internet, Field operations/evaluations, Purchasing cooperatives |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | |
| Owens Corning Basement Finishing System | Co-op advertising, Ad slicks, National media |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| 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) |
| HomeVestors of America | Less than 5% 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 | |
| Owens Corning Basement Finishing System | |
| HomeVestors of America | 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 | |
| Owens Corning Basement Finishing System | |
| HomeVestors of America | |
| International Expansion | |
| Owens Corning Basement Finishing System | |
| HomeVestors of America | |