|
Below is an in-depth analysis and side-by-side comparison of 360 Painting vs PHWS International including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $99,125 - $139,500 | $97,750 - $146,825 |
Franchise Fee | $60,000 | $60,000 |
Royalty Fee | 6% | 7% |
Advertising Fee | 2% | - |
Year Founded | 2006 | 1997 |
Year Franchised | 2006 | 2010 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | PHWS is seeking individual franchise partners throughout the United States as well as multi-unit development partners domestically and internationally. To be considered, individuals or partnerships must meet the following minimum criteria: *Demonstrated enthusiasm, drive, and passion *Management Experience *Experience working in the Building or Construction Trade *Minimum financial net worth of $75,000 |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/Yes | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | 360 PAINTING offers the most comprehensive franchisee training program in the home services industry. The initial training is two weeks and covers all angles of running a home based business from initiating your marketing plan, completing estimates and finding the right painters to complete the projects. This also includes a full week in your territory with one of our support staff. Estimating Software Business Management Software Franchisee Resource Center Recruiting and Managing Employees and Sub-Contractors Marketing and Sales Paint Technology, etc. On-The-Job Training: 40 hours Classroom Training: 36 hours | - |
Support | Opening a business will present you with many new bridges to cross. As you implement the 360° PAINTING systems and grow your business, we are there to support you each step of the way. You will have access to support from our corporate staff who have years of experience in both supporting franchisees and the painting industry. Our franchisee to support staff ratio is the best in the business and we offer additional training programs throughout the year. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Real Estate and Site Selection Lease Approval Pre-opening Management Training Vendors and Equipment Opening Support Information Technology Marketing and Public Relations Operations Support Purchasing and Distribution |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | - |
Operations | - | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Spread the savings and service to builders and homeowners through the systemized PHWS service delivery process. PHWS is using a business model based on 13 years in the field, you can build a very successful business using our expertise and knowledge in the building industry. If you have ever purchased a home or been involved in the new home residential building industry then you know how important post sale customer care and warranty service is. Traditionally builders and developers have performed these duties in-house. Professional Home Warranty Services, Inc. gives builders and developers the opportunity to outsource this necessary service, much like they outsource virtually every aspect of building a home. A PHWS operation will provide better service and more control, all at a lower operating expense to the builders, the value PHWS brings to its clients is clear and tangible. Most of the builders in your market area who are actively building homes manage customer care and warranty in-house. This in and of itself provides an enormous potential market for you as a PHWS franchisee. Many states now have "right-to-repair" laws, which put even MORE value in customer care and warranty operations. States that support long statute of repose periods on builders and developers require they remain vigilant to claims of poor workmanship or performance, again this provides opportunity for you as a PHWS franchisee. PHWS also presents a new level of service as a professional trade contractor specializing in pre and post buyer move-in services. We like to think of ourselves as the "newest level of professional trade contractor available to the new home residential industry". Builders are becoming accustomed to outsourcing customer care and warranty callback services. By owning your own PHWS, Inc. franchise you are taking advantage of an exciting new market with services and systems available to new homebuilding professionals.