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Below is an in-depth analysis and side-by-side comparison of Owens Corning Basement Finishing System vs Weed Man 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 | $69,790 - $86,850 |
Franchise Fee | $15,000 | $20,000 - $33,750 |
Royalty Fee | 5% | $6.2K-$12.3K/vehicle/yr. |
Advertising Fee | - | 20% of royalty fee |
Year Founded | 2000 | 1970 |
Year Franchised | 2000 | 1976 |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 10 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/Yes |
Start-up Costs | No/No | Yes/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | -/Yes |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | Extensive 12-day initial training at Head Office addresses all aspects of business operations, including administration, technical, marketing, business planning and budgeting. Training tools will also be provided for training employees. Ongoing training through conference calls, webinars, newsletters, site visits, phone and email correspondence. |
Support | Meetings, Internet, Field operations/evaluations, Purchasing cooperatives | Every Weed Man Franchise is supported by their local and experienced Franchisor who serves as a personal consultant and mentor, providing experience, guidance and encouragement. The network of Weed Man Franchisors represents decades of lawn care operation experience. Their collective wisdom has been fine-tuned into a system that allows you to run a successful lawn care operation with no prior lawn care or agronomic training or knowledge. |
Marketing | Co-op advertising, Ad slicks, National media | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
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: 4 - 6 |
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.
Weed Man opened its first location in 1970 and started franchising the concept in 1976. Throughout the years, Weed Man has been committed to delivering superior lawn care services to residential customers across North America. Currently sold out in Canada, Weed Man has seen rapid growth across the US in over 250 territories since 2000. With over $100 million in system sales, Weed Man is the leading franchised lawn care company in the green industry.