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Updated RecentlyOwens Corning Basement Finishing System vs Global Garage Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Owens Corning Basement Finishing System vs Global Garage 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 | $88,000 - $225,000 |
| Franchise Fee | $15,000 | N/A |
| Royalty Fee | 5% | - |
| Advertising Fee | - | - |
| Year Founded | 2000 | - |
| Year Franchised | 2000 | - |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | $9K | - |
Business Experience Requirements |
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| Experience | 1. Full Time Commitment. We are not accepting franchisees who want this as an add-on to another business. 2. Fulfillment of the No-Commitment Franchise Discovery Process. 3. Marketing & Networking interest and aptitude. 4. A business person�s attitude. 5. Wants to work on your business not in your business. * �Can Do� Attitude. * Friendly Disposition. * Embodiment of the FFIS Philosophy. 6. Sufficient Net Worth. ($150,000) 7. $100,000 in liquid capital. |
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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 | - | At Global Garage we take Training very SERIOUSLY! The First step in training is to get all of your equipment, office, business and storage area set up. This must be done before coming to training. We will walk you through each step of it. 4 Days of training at a successful Global Garage facility. An additional 4 Days of training at your location using your equipment. Manufacturers flooring training. Manufacturers cabinets training. Ongoing discussions, newsletters, coaching, meetings, etc. |
| 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 | - |
| International Expansion | No | - |
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.