Epcon Communities vs Owens Corning Basement Finishing System Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Epcon Communities 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
 
Epcon Communities Franchise
Owens Corning Basement Finishing System Franchise
Investment $887,200 - $4,569,000$41,000 - $167,000
Franchise Fee $50,000$15,000
Royalty Fee 1% to 2%5%
Advertising Fee $500/ month-
Year Founded 19862000
Year Franchised 19952000
Term Of Agreement Completion of 1 market area5 years
Term Of Agreement Completion of 1 market area5 years
Renewal Fee $25000$9K


Business Experience Requirements
 
Epcon Communities Franchise
Owens Corning Basement Finishing System Franchise
Experience
  • General business experience
  • Upper management experience

  • Industry experience
  • General business experience
  • Marketing skills
  • Must have or obtain a general contracting license; specialty in-home selling
    		•

    Financing Options
     
    Epcon Communities Franchise
    Owens Corning Basement Finishing System Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/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
     
    Epcon Communities Franchise
    Owens Corning Basement Finishing System Franchise
    Training Available at headquarters-
    Support Toll-free phone line, field consultants, Intranet, marketing, trainingMeetings, Internet, Field operations/evaluations, Purchasing cooperatives
    Marketing Marketing plans, materials, field supportCo-op advertising, Ad slicks, National media
    Operations

    Number of employees needed to run franchised unit: 4

    Absentee ownership of franchise is NOT 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
     
    Epcon Communities Franchise
    Owens Corning Basement Finishing System Franchise
    US Expansion --
    Canada Expansion NoNo
    International Expansion YesNo

    Company Overviews

    About Epcon Communities

    In 1986, Philip Fankhauser and Edward Bacome founded Epcon Homes & Communities in Columbus, OH when they built their first residential community. Three years later, a local builder who wanted to utilize their successful design and floor plans for a community in a nearby city approached the duo. The partners were hesitant to license their already proven system out to other builders and, at the time, had little interest in expanding outside of the Columbus market. However, their designs and floor plans became so widely popular that others also soon came calling, seeking to build an Epcon Homes & Communities-style development in neighboring cities or in outlying areas of Ohio. Fankhauser and Bacome finally granted the first license to use their successful construction plans and the franchising concept was born. The company began franchising in 1995 and has not looked back. Epcon Communities and its franchisees built over 25,000 homes and established franchises in 30 states.
    Epcon is seeking new franchise units throughout the U.S.
    Epcon's long-term goal is to expand into all 50 states, Canada and Central America.

    "Entrepreneur
    #398 in Franchise 500 for 2020.





    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.