|
Below is an in-depth analysis and side-by-side comparison of 360clean vs GenCorp Cleaning Services including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $25,000 - $50,000 | $1,800 - And Up |
Franchise Fee | $19,500 | N/A |
Royalty Fee | 7% | - |
Advertising Fee | 1% | - |
Year Founded | 2005 | - |
Year Franchised | 2007 | - |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | *Available at headquarters: 1 week *At franchisee's location: 2 days *Annual convention and regional seminars | - |
Support | *Newsletter *Meetings *Toll-free phone line *Internet *Security/Safety procedures *Field Evaluations | - |
Marketing | Intranet *Web Design Templates *Unique Marketing Program *Unique Marketing Material | - |
Operations | Franchise can be home based. No absentee ownership. | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | - |
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.