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Updated RecentlyOwens Corning Basement Finishing System Franchise
Basement finishing system
Owens Corning has been a world leader in building materials, systems and composite solutions for more than 70 years, and a Fortune 500 company for more than 50 years. The ability to remain a household name for residential and commercial projects is partially due to the successful partnerships with businesses who are devoted to sharing the Owens Corning standards.
The Basement Finishing System ("System") was developed at Owens Corning's nationally accredited and internationally recognized Science & Technology Center, Granville, Ohio. As with all of its products, Owens Corning focused on developing a high-quality system designed to meet the market needs.
For that reason, Owens Corning conducted extensive research and development. This included three years of testing and modifications. The result is a state-of-the-art Basement Finishing System that benefits franchisees and homeowners alike. The System also has been recognized with awards from Popular Science and the National Association of the Remodeling Industry.
If you are interested in growing your business, becoming an Owens Corning customer may be the perfect opportunity for you.
It's time to give yourself permission to build your days around what's important to you! You're in Control!
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How much does it cost to open a Owens Corning Basement Finishing System Franchise?
The investment required to open a Owens Corning Basement Finishing System Franchise is between $41,000-$167,000. There is an initial franchise fee of $15,000 which grants you the license to run a business under the Owens Corning Basement Finishing System name.
Individual Unit Costs
- Initial Investment:
$41,000-$167,000 - Initial Franchise Fee:
$15,000 - Royalty Fee:
5% - Advertising Fee:
N/A - Term of Agreement:
5 years - Renewal Fee:
$9K
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Owens Corning, already a leading
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Owens Corning Basement Finishing System News & Press Releases
When did Owens Corning Basement Finishing System start Franchising? 2000
| Year | U.S.A. | Canada | International | Corporate |
|---|---|---|---|---|
| 2004 | 72 | 0 | 0 | 2 |
| 2003 | 51 | 0 | 0 | 2 |
| 2002 | 45 | 0 | 0 | 1 |
| 2001 | 20 | 0 | 0 | 0 |
| 2000 | 12 | 0 | 0 | 0 |
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | No | No |
| Startup Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Support
Meetings, Internet, Field operations/evaluations, Purchasing cooperatives
Marketing
Co-op advertising, Ad slicks, National media
10% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 20
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)
Business Experience:
Your income potential as a Owens Corning Basement Finishing System Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. Each month your operating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.
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Legal Disclaimer: This information is not a franchise offering for Owens Corning Basement Finishing System and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing an Owens Corning Basement Finishing System franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
Owens Corning Basement Finishing System
Owens Corning Basement Finishing System
One Owens Corning Pkwy.
Toledo,
OH
43659