Owens Corning Basement Finishing System vs HomePros Franchise Comparison

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

Start-Up Costs and Fees

 
Owens Corning Basement Finishing System Franchise
HomePros Franchise
Investment $41,000 - $167,000$101,285 - $143,475
Franchise Fee $15,000$19,500
Royalty Fee 5%7%
Advertising Fee --
Year Founded 20002001
Year Franchised 20002002
Term Of Agreement 5 years5 years
Term Of Agreement 5 years5 years
Renewal Fee $9K-


Business Experience Requirements

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

  • Industry experience
  • General business experience
  • Basic home repair skills

  • Financing Options

     
    Owens Corning Basement Finishing System Franchise
    HomePros Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoYes/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

     
    Owens Corning Basement Finishing System Franchise
    HomePros Franchise
    Training --
    Support Meetings, Internet, Field operations/evaluations, Purchasing cooperativesNewsletter, Meetings, Grand opening, Internet, Field operations/evaluations
    Marketing Co-op advertising, Ad slicks, National mediaAd slicks
    Operations 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)

    Franchise can be run from home.

    28% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 2

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)


    Expansion Plans

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

    Company Overviews

    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.

    About HomePros

    HomePros Corporation offers professional home improvement and repair services to the general public. HomePros specializes in small to medium sized construction projects and is engaged in the refurbishment of distressed residential real estate.