Owens Corning Basement Finishing System vs Luxury Bath Systems Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Owens Corning Basement Finishing System vs Luxury Bath Systems 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
Luxury Bath Systems Franchise
Investment $41,000 - $167,000$20,000 - $40,000
Franchise Fee $15,000$16,000
Royalty Fee 5%0
Advertising Fee --
Year Founded 20001989
Year Franchised 20001994
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee $9K$5K


Business Experience Requirements

 
Owens Corning Basement Finishing System Franchise
Luxury Bath Systems 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
  • Marketing skills
  • Sales (in-home sales experience)

  • Financing Options

     
    Owens Corning Basement Finishing System Franchise
    Luxury Bath Systems Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoYes/No
    Start-up Costs No/NoYes/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
    Luxury Bath Systems Franchise
    Training --
    Support Meetings, Internet, Field operations/evaluations, Purchasing cooperativesNewsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
    Marketing Co-op advertising, Ad slicks, National mediaCo-op advertising, Ad slicks, National media
    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)

    10% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 15

    Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)


    Expansion Plans

     
    Owens Corning Basement Finishing System Franchise
    Luxury Bath Systems Franchise
    US Expansion --
    Canada Expansion NoNo
    International Expansion NoYes

    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 Luxury Bath Systems

    Are you looking to expand your business base or considered joining a network of successful franchisees? Consider Luxury Bath Systems, the nation’s leader in acrylic bathroom remodeling, and take advantage of the multi-billion dollar home improvement market. Luxury Bath Systems offers its franchises and dealers a proven system for efficiently remodeling bathrooms, while providing dynamic marketing programs and technical support. Exclusive territories are still available.

    Since its founding in 1989, Luxury Bath Systems has remodeled bathrooms in homes and businesses. The Bensenville, Illinois-based company installs tub and wall systems over existing bathtubs and tile, allowing franchisees to remodel a bathroom in less than one day.