|
Below is an in-depth analysis and side-by-side comparison of Renovation Professionals vs Garage Living including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $28,500 - $50,980 | $236,750 - $313,500 |
Franchise Fee | $24,500 | $60,000 |
Royalty Fee | 4% | 6.5% |
Advertising Fee | - | 6% Local + 2% Nat'l |
Year Founded | 1997 | - |
Year Franchised | 2002 | - |
Term Of Agreement | 5 years | 5 years +5+5+5 |
Term Of Agreement | 5 years | 5 years +5+5+5 |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | Garage Living franchise owners are not required to have prior construction or remodeling industry experience, but it can be helpful to understand the basics of running a business like ours. In fact, we welcome the opportunity to open a dialogue with existing similar or complementary home improvement businesses who wish to add the Garage Living system to their current operations. In general, we are seeking franchise candidates who have good communications and customer service skills, a strong work ethic, and a dedication to the local community. A solid understanding of business management is also important, and sales skills are also helpful. We expect that franchise owners have adequate capital to invest in the business, and we also expect franchise owners to be directly involved in the daily operations of the franchise business. But regardless of your background, we will provide the training and tools you need to run your Garage Living franchise effectively. |
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 | Online training | Pre-Opening Training: including classroom and hands-on exercises, plus on-site training with a Garage Living representative at your location. |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | Ongoing Support: including updates, remote assistance, refresher training programs and business planning meetings. |
Marketing | Ad slicks, Regional advertising | Marketing Assistance: including a professionally-developed library of project photographs (before and after), customizable marketing materials, online tools, and more. |
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) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
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.