Owens Corning Basement Finishing System vs Garage Living Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Owens Corning Basement Finishing System vs Garage Living 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
Garage Living Franchise
Investment $54,000 - $122,000 $157,200 - $216,100
Franchise Fee $15,000 $45,000
Royalty Fee 5% 6.5%
Advertising Fee - 6% Local + 2% Nat'l
Year Founded 2000 -
Year Franchised 2000 -
Term Of Agreement 5 years 5 years +5+5+5
Term Of Agreement 5 years 5 years +5+5+5
Renewal Fee $9K -


Business Experience Requirements

 
Owens Corning Basement Finishing System Franchise
Garage Living Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
  • Must have or obtain a general contracting license; specialty in-home selling
  • Garage Living franchise owners are not required to have prior construction or remodeling industry experience, but it can be helpful to understand the basics of running a business like ours. In fact, we welcome the opportunity to open a dialogue with existing similar or complementary home improvement businesses who wish to add the Garage Living system to their current operations. In general, we are seeking franchise candidates who have good communications and customer service skills, a strong work ethic, and a dedication to the local community. A solid understanding of business management is also important, and sales skills are also helpful. We expect that franchise owners have adequate capital to invest in the business, and we also expect franchise owners to be directly involved in the daily operations of the franchise business. But regardless of your background, we will provide the training and tools you need to run your Garage Living franchise effectively.


    Financing Options

     
    Owens Corning Basement Finishing System Franchise
    Garage Living Franchise
      In-House/3rd Party In-House/3rd Party
    Franchise Fees No/No -/-
    Start-up Costs No/No -/-
    Equipment No/No -/-
    Inventory No/No -/-
    Receivables No/No -/-
    Payroll No/No -/-

    Training & Support

     
    Owens Corning Basement Finishing System Franchise
    Garage Living Franchise
    Training -

    Pre-Opening Training: including classroom and hands-on exercises, plus on-site training with a Garage Living representative at your location.

    Support Meetings, Internet, Field operations/evaluations, Purchasing cooperatives

    Ongoing Support: including updates, remote assistance, refresher training programs and business planning meetings.

    Marketing Co-op advertising, Ad slicks, National media

    Marketing Assistance: including a professionally-developed library of project photographs (before and after), customizable marketing materials, online tools, and more.

    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)

    -

    Expansion Plans

     
    Owens Corning Basement Finishing System Franchise
    Garage Living Franchise
    US Expansion - -
    Canada Expansion No -
    International Expansion No -

    Start-Up Costs and Fees Mobile

    Investment
    Owens Corning Basement Finishing System Franchise
    $54,000 - $122,000
    Garage Living Franchise
    $157,200 - $216,100
    Franchise Fee
    Owens Corning Basement Finishing System Franchise
    $15,000
    Garage Living Franchise
    $45,000
    Royalty Fee
    Owens Corning Basement Finishing System Franchise
    5%
    Garage Living Franchise
    6.5%
    Advertising Fee
    Owens Corning Basement Finishing System Franchise
    -
    Garage Living Franchise
    6% Local + 2% Nat'l
    Year Founded
    Owens Corning Basement Finishing System Franchise
    2000
    Garage Living Franchise
    -
    Year Franchised
    Owens Corning Basement Finishing System Franchise
    2000
    Garage Living Franchise
    -
    Term Of Agreement
    Owens Corning Basement Finishing System Franchise
    5 years
    Garage Living Franchise
    5 years +5+5+5
    Renewal Fee
    Owens Corning Basement Finishing System Franchise
    $9K
    Garage Living Franchise
    -


    Business Experience Requirements

    Experience
    Owens Corning Basement Finishing System Franchise

  • Industry experience
  • General business experience
  • Marketing skills
  • Must have or obtain a general contracting license; specialty in-home selling
  • Garage Living Franchise

    Garage Living franchise owners are not required to have prior construction or remodeling industry experience, but it can be helpful to understand the basics of running a business like ours. In fact, we welcome the opportunity to open a dialogue with existing similar or complementary home improvement businesses who wish to add the Garage Living system to their current operations. In general, we are seeking franchise candidates who have good communications and customer service skills, a strong work ethic, and a dedication to the local community. A solid understanding of business management is also important, and sales skills are also helpful. We expect that franchise owners have adequate capital to invest in the business, and we also expect franchise owners to be directly involved in the daily operations of the franchise business. But regardless of your background, we will provide the training and tools you need to run your Garage Living franchise effectively.


    Financing Options

      In-House/3rd Party
    Franchise Fees
    Owens Corning Basement Finishing System Franchise
    No/No
    Garage Living Franchise
    -/-
    Start-up Costs
    Owens Corning Basement Finishing System Franchise
    No/No
    Garage Living Franchise
    -/-
    Equipment
    Owens Corning Basement Finishing System Franchise
    No/No
    Garage Living Franchise
    -/-
    Inventory
    Owens Corning Basement Finishing System Franchise
    No/No
    Garage Living Franchise
    -/-
    Receivables
    Owens Corning Basement Finishing System Franchise
    No/No
    Garage Living Franchise
    -/-
    Payroll
    Owens Corning Basement Finishing System Franchise
    No/No
    Garage Living Franchise
    -/-

    Training & Support

    Training
    Owens Corning Basement Finishing System Franchise
    -
    Garage Living Franchise

    Pre-Opening Training: including classroom and hands-on exercises, plus on-site training with a Garage Living representative at your location.

    Support
    Owens Corning Basement Finishing System Franchise
    Meetings, Internet, Field operations/evaluations, Purchasing cooperatives
    Garage Living Franchise

    Ongoing Support: including updates, remote assistance, refresher training programs and business planning meetings.

    Marketing
    Owens Corning Basement Finishing System Franchise
    Co-op advertising, Ad slicks, National media
    Garage Living Franchise

    Marketing Assistance: including a professionally-developed library of project photographs (before and after), customizable marketing materials, online tools, and more.

    Operations
    Owens Corning Basement Finishing System Franchise
    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)

    Garage Living Franchise
    -

    Expansion Plans

    US Expansion
    Owens Corning Basement Finishing System Franchise
    -
    Garage Living Franchise
    -
    Canada Expansion
    Owens Corning Basement Finishing System Franchise
    No
    Garage Living Franchise
    -
    International Expansion
    Owens Corning Basement Finishing System Franchise
    No
    Garage Living Franchise
    -

    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 Garage Living

    Garage Living has established itself as the premier full service, turn-key garage improvement company. Garage Living is currently building a franchise network and is looking for a select group of individuals who are passionate about design, construction and customer service. Our system offers our franchisees an opportunity to be your own boss while providing the support to build a successful business. Garage Living - a premium home improvement franchise Garage Living is full-service, single-source solution for any garage remodeling needs. Over the years, we have developed and refined a solid business concept dedicated to helping our clients understand the importance and benefits of organizing and remodeling their garages, with a wide variety of components that are in keeping with the high quality finishes in other areas of their home. As a Garage Living franchise owner, you, too, can provide your clients with specialized, high-end garage solutions that can be customized for their individual spaces and budgets. And, you can do it all with confidence, with full access to all our exclusive tools, resources, programs, and sales techniques to help grow your own business! Picture yourself owning and operating a premium home improvement franchise business in a compelling and growing industry sector, backed by the support of a team of experts that is there for you every step of the way. Contact us today and find out how you can take advantage of an incredible home improvement franchise opportunity - make a difference in the lives of discerning clients in your local area.