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Below is an in-depth analysis and side-by-side comparison of BearCom Building Services vs GenCorp Cleaning Services including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $12,800 - $39,300 | $1,800 - And Up |
Franchise Fee | $9,990 - $14,990 | N/A |
Royalty Fee | 6-8% | - |
Advertising Fee | - | - |
Year Founded | 1979 | - |
Year Franchised | 1990 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | Yes/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Newsletter, Toll-free phone line, Internet, Field operations/evaluations | - |
Marketing | - | - |
Operations |
Franchise can be run from home. Franchisees required to buy multiple units/master licenses; 2% of all franchisees own more than one unit - 2
Absentee ownership of franchise is NOT allowed. (98% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
Dennis and Jill Jenkins, parents of nine children, started their first cleaning business in Billings, Montana, in 1971. Eight years later, after expanding their business through Montana, Missouri, Utah and Kansas, the Jenkins officially founded Laser Chem Commercial Cleaning. In 2004, the company changed its name to BearCom Building Services.
Today the company, now lead by son Michael, offers janitorial services to commercial customers across the United States.
Advantages Of GenCorp's Franchise Business Model GenCorp franchising gives individuals the opportunity to go into business for themselves with an excellent chance of success at a minimum of risk. Starting a new business from scratch is inherently risky. Most studies conclude that over 90% fail within 3 to 5 years. In comparison, U.S. Dept of Commerce studies have shown that over 92% of franchised businesses are still operating after 5 years.