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Below is an in-depth analysis and side-by-side comparison of Owens Corning Basement Finishing System vs Stone Age Coatings including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $41,000 - $167,000 | $60,000 |
Franchise Fee | $15,000 | $50,000 |
Royalty Fee | 5% | - |
Advertising Fee | - | - |
Year Founded | 2000 | 2007 |
Year Franchised | 2000 | 2009 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $9K | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | Initial two weeks plus ongoing |
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 |
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US Expansion | - | Yes |
Canada Expansion | No | Yes |
International Expansion | No | - |
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.
NO LONGER FRANCHISING
Try not to supplant it. Reface it! Claim to fame coatings connected to any substrate, intended to handle outrageous conditions. The fluid stone/stone look restores any surface: arborite, solid, vinyl decking, ledges, tile and lino, carport floors, wood, stucco, shake, block, metal, tub and shower. Elastomeric properties settle on this a superb decision for wood or marine surfaces. A great many hues/designs/surfaces. Can be connected in a day for a small amount of the cost of evacuation and supplanting.