Renovation Professionals vs Owens Corning Basement Finishing System Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Renovation Professionals vs Owens Corning Basement Finishing System including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Renovation Professionals Franchise
Owens Corning Basement Finishing System Franchise
Investment $28,500 - $50,980$41,000 - $167,000
Franchise Fee $24,500$15,000
Royalty Fee 4%5%
Advertising Fee --
Year Founded 19972000
Year Franchised 20022000
Term Of Agreement 5 years5 years
Term Of Agreement 5 years5 years
Renewal Fee -$9K


Business Experience Requirements

 
Renovation Professionals Franchise
Owens Corning Basement Finishing System Franchise
Experience -
  • Industry experience
  • General business experience
  • Marketing skills
  • Must have or obtain a general contracting license; specialty in-home selling

  • Financing Options

     
    Renovation Professionals Franchise
    Owens Corning Basement Finishing System Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment No/NoNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

     
    Renovation Professionals Franchise
    Owens Corning Basement Finishing System Franchise
    Training Online training-
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperativesMeetings, Internet, Field operations/evaluations, Purchasing cooperatives
    Marketing Ad slicks, Regional advertisingCo-op advertising, Ad slicks, National media
    Operations Franchise can be run from home.

    0% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    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)


    Expansion Plans

     
    Renovation Professionals Franchise
    Owens Corning Basement Finishing System Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion NoNo

    Company Overviews

    About Renovation Professionals

    Founded by Erich and April Weber in 1997, Renovation Professionals� is an innovative residential, commercial, and facilities management services company with a successful business record and a very ambitious goal � to create the most desirable product at competitive prices while delivering a standard of communication and excellence not seen in the remodeling and services industries. The Webers developed a highly professional, multi-step business system that focuses on superior client service, controlled tracking of daily business operations, and overall enhanced communications between client and service technician and construction personel.

    About Owens Corning 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.