|
Below is an in-depth analysis and side-by-side comparison of Precision Door Service vs Ready Decks including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $71,255 - $314,955 | $144,000 - $213,000 |
Franchise Fee | $10,000 - $100,000 | $29,000 |
Royalty Fee | $500/wk. to 6K/wk. | 5% |
Advertising Fee | 3% | - |
Year Founded | 1997 | 2001 |
Year Franchised | 1999 | 2005 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | - | $14500 |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | No/No |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | On-The-Job Training: 80 hours Classroom Training: 40 hours | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
Support | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | - |
Operations | Number of Employees Required to Run: 3 - 6 | * Franchise can be run from home * Number of employees needed to run franchised unit: 2 * Absentee ownership of franchise is NOT allowed. |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
Ready Decks has developed an innovative approach to one
of the largest segments of the home improvement market - home
decking. The tools, construction process and equipment
invented by Ready Decks, when used by trained, professional
teams of installers, enable most projects to be completed in a single
day. Other traditional contractors and builders may take much longer. Relatively low start-up costs is just one key ingredient that makes Ready Decks an excellent franchise concept and opportunity.