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Below is an in-depth analysis and side-by-side comparison of Owens Corning Basement Finishing System vs Screenmobile including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $41,000 - $167,000 | $91,975 - $183,770 |
Franchise Fee | $15,000 | $39,500 |
Royalty Fee | 5% | 7% |
Advertising Fee | - | $75/month |
Year Founded | 2000 | 1980 |
Year Franchised | 2000 | 1984 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $9K | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | Yes/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | Screenmobile University provides our hands-on training, and includes everything an expert in our field will need. Mastering the ins and outs of administration, marketing, sales and production happens over the course of our 10 day training program. All training costs are covered in the Franchise License Fee. Training begins in our state of the art audio/visual classrooms and covers the foundations of building a successful franchise. From there you will move to the Screen House where adaptive training techniques allow for you to learn the fundamentals of screening as real life situations are simulated. On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: Ongoing |
Support | Meetings, Internet, Field operations/evaluations, Purchasing cooperatives | Once you’ve started your Screenmobile business, continuous support will be provided in the form of regular phone calls, webinars, meetings, and field support. Resources such as the following are always be available for you to help grow your business to the next level. Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations |
Marketing | Co-op advertising, Ad slicks, National media | A mere $75 per month paid to the National Ad Fund, provides Screenmobile Franchise Owners the following marketing support to help promote and track their business. Driving new customers to your business is easy with the help of social media attention, Google Adwords and Search Engine Optimization (SEO). Don’t forget, your Screenmobile trailer also serves as a moving billboard! Strategically park your vehicle in accessible high traffic areas to attract new business. Ad Templates National Media Social media SEO Website development |
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) | Absentee Ownership Allowed Number of Employees Required to Run: 1 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
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.