Owens Corning Basement Finishing System vs The Grout Medic Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Owens Corning Basement Finishing System vs The Grout Medic 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
The Grout Medic Franchise
Investment $41,000 - $167,000$24,675 - $57,950
Franchise Fee $15,000$12,825 - $16,750
Royalty Fee 5%5%-10%
Advertising Fee -$75/month
Year Founded 20001997
Year Franchised 20002001
Term Of Agreement 5 years7 years
Term Of Agreement 5 years7 years
Renewal Fee $9K$2000


Business Experience Requirements

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

    Financing Options

     
    Owens Corning Basement Finishing System Franchise
    The Grout Medic 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

     
    Owens Corning Basement Finishing System Franchise
    The Grout Medic Franchise
    Training --
    Support Meetings, Internet, Field operations/evaluations, Purchasing cooperatives-
    Marketing Co-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)

    -

    Expansion Plans

     
    Owens Corning Basement Finishing System Franchise
    The Grout Medic 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 The Grout Medic

    The Grout Medic is the leading grout & tile restoration franchise with over 50 locations across the US. Our franchise owners come from all walks of life but they all have the same common goals; to gain control over their future and provide a better lifestyle and opportunity for themselves and their families.
    The benefits of owning a Grout Medic franchise are numerous:
    * Low cost investment - get started for under $25,000 including equipment
    * Home based business - no long term lease commitments or expensive fit outs
    * Protected territory - absolutely but rather than a one-size fits all territory The Grout Medic will analyze demographic data including household numbers, income levels and house values in your area to ensure the best possible chance for success. Minimum recommended territory size is 200,000 population, with a majority starting at 300,000 population.
    * Equipment - all equipment required to operate the business is included in the initial franchise fee as well as a supply of marketing/stationery items as well as approximately 3 months worth of product supply
    * An in demand service - in today's economy home owners are looking for alternatives to expensive bathroom renovations.
    We have the answer. By choosing The Grout Medic restoration process, our customers receive "Like New" results in a matter of hours...not days! AND, they save up to 70% of the cost of replacement. This makes our service more valuable than ever!The Grout Medic has developed easy to learn methods that can be taught to people from any type of work background. We offer full training from office to hands on technical training along with support every step of the way. The Grout Medic will give you the satisfaction of owning your own business while becoming part of a larger organization that is there to help you achieve your personal goals.
    Find out what the future holds today while your area is still available.