Owens Corning Basement Finishing System vs Hello Garage Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Owens Corning Basement Finishing System vs Hello Garage 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
Hello Garage Franchise
Investment $41,000 - $167,000$114,409 - $137,154
Franchise Fee $15,000$49,500
Royalty Fee 5%-
Advertising Fee --
Year Founded 20002019
Year Franchised 20002020
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $9K-


Business Experience Requirements

 
Owens Corning Basement Finishing System Franchise
Hello Garage 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
    Hello Garage Franchise
      In-House/3rd PartyIn-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

     
    Owens Corning Basement Finishing System Franchise
    Hello Garage 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
    Hello Garage Franchise
    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.

    About Hello Garage

    "Hello
    Hello Garage is focused on garage transformations. Professionally-installed flooring, storage and accessories backed by a lifetime warranty.

    Backed by more than 40 years’ experience in the home-service contracting industry, we set out to make the Hello Garage experience so remarkable, you’ll want to tell your friends about it. So, our obsessive garage nerds spent a ton of time researching and eliminating different floor coating formulations. They inspected and rejected countless cabinet and slatwall designs. While that was happening, our customer care guides were figuring out how to provide an experience unlike anything anyone’s ever had before - one that would raise the bar for all contractors, from plumbers to landscapers. And when those two things came together... Hello Garage .