|
Below is an in-depth analysis and side-by-side comparison of System4 vs OpenWorks including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $105,900 - $373,000 | $15,000 - $150,000 |
Franchise Fee | $75,000 - $300,000 | $14,000 - $67,500 |
Royalty Fee | 1%-6.2% | 5-10% |
Advertising Fee | - | - |
Year Founded | 2003 | 1983 |
Year Franchised | 2003 | 1983 |
Term Of Agreement | 20 years | 10 years |
Term Of Agreement | 20 years | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/Yes | Yes/No |
Start-up Costs | No/No | Yes/No |
Equipment | No/No | Yes/No |
Inventory | No/No | Yes/No |
Receivables | No/No | Yes/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | On-The-Job Training: 28 hours Classroom Training: 76 hours Additional Training: Seminars | - |
Support | Ongoing Support Purchasing Co-ops Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software | Newsletter, Meetings, Toll-free phone line, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | Ad Templates Social media SEO Website development Email marketing | Regional advertising |
Operations |
Franchise can be run from home.
Number of employees needed to run franchised unit: 3
Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators)
|
Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | Yes | No |
International Expansion | No | No |
Founded in 1983, OpenWorks provides cleaning; carpet and upholstery service; hard floor maintenance; pressure washing; window cleaning; day porter; and handyman services for large and small offices, medical facilities, hotels, restaurants and financial institutions. Master franchises are also available nationwide.