Owens Corning Basement Finishing System vs The Gutter Guys Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Owens Corning Basement Finishing System vs The Gutter Guys including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Owens Corning Basement Finishing System Franchise
The Gutter Guys Franchise
Investment $41,000 - $167,000$91,700
Franchise Fee $15,000$15,000
Royalty Fee 5%5%
Advertising Fee --
Year Founded 20001988
Year Franchised 20002000
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee $9K25% of franchise fee


Business Experience Requirements

 
Owens Corning Basement Finishing System Franchise
The Gutter Guys Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
  • Must have or obtain a general contracting license; specialty in-home selling

  • Marketing skills
  • People skills, good work ethic

  • Financing Options

     
    Owens Corning Basement Finishing System Franchise
    The Gutter Guys Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment No/NoNo/Yes
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

     
    Owens Corning Basement Finishing System Franchise
    The Gutter Guys Franchise
    Training --
    Support Meetings, Internet, Field operations/evaluations, Purchasing cooperativesNewsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives
    Marketing Co-op advertising, Ad slicks, National mediaCo-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)

    Franchise can be run from home.

    10% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 7

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)


    Expansion Plans

     
    Owens Corning Basement Finishing System Franchise
    The Gutter Guys Franchise
    US Expansion -Yes
    Canada Expansion NoNo
    International Expansion NoNo

    Company Overviews

    About Owens Corning Basement Finishing System

    Owens Corning has been a world leader in building materials, systems and composite solutions for more than 70 years, and a Fortune 500 company for more than 50 years. The ability to remain a household name for residential and commercial projects is partially due to the successful partnerships with businesses who are devoted to sharing the Owens Corning standards. The Basement Finishing System ("System") was developed at Owens Corning's nationally accredited and internationally recognized Science & Technology Center, Granville, Ohio. As with all of its products, Owens Corning focused on developing a high-quality system designed to meet the market needs. For that reason, Owens Corning conducted extensive research and development. This included three years of testing and modifications. The result is a state-of-the-art Basement Finishing System that benefits franchisees and homeowners alike. The System also has been recognized with awards from Popular Science and the National Association of the Remodeling Industry. If you are interested in growing your business, becoming an Owens Corning customer may be the perfect opportunity for you.

    About The Gutter Guys

    The Gutter Guys was founded by Michael Williams in 1988. Michael had been working in the restaurant and hospitality business for the previous fifteen years and needed gutters and downspouts on his new home. Amazed at the total lack of professionalism in the gutter companies he encountered while getting gutter installation estimates, he decided to start The Gutter Guys. Using his extensive knowledge of and passion for customer service, Michael's company now serves more than 300,000 happy customers throughout four mid-Atlantic states: Delaware, Maryland, New Jersey and Pennsylvania.

    Not only did Michael develop the recipe to satisfy his customers, he also found the right recipe to recruit and retain quality employees. While discussing how to utilize and reward skilled employees with his business advisor and CPA Chuck Johnson, the idea of franchising came up. Not franchising in the normal sense, but as a way to expand the geographic area the business served and give employees an opportunity to become self employed while remaining with The Gutter Guys.

    Chuck was so instrumental in helping to develop a system to give The Gutter Guys' employees a chance to become franchise owners that he was invited to join the company. Chuck accepted and sold his well-established accounting practice to join The Gutters Guys full time. Since that time, we have helped twelve of our employees become self employed franchisees of The Gutter Guys.