Owens Corning Basement Finishing System vs CORE Group Restoration Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Owens Corning Basement Finishing System vs CORE Group Restoration 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
CORE Group Restoration Franchise
Investment $41,000 - $167,000$76,000 - $371,150
Franchise Fee $15,000$30,000
Royalty Fee 5%-
Advertising Fee --
Year Founded 20002019
Year Franchised 20002019
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $9K-


Business Experience Requirements
 
Owens Corning Basement Finishing System Franchise
CORE Group Restoration 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
    CORE Group Restoration 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
    CORE Group Restoration 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
    CORE Group Restoration 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 CORE Group Restoration

    "CORE

    CORE is a unique take on property damage restoration. Made up of the largest and most capable property restoration service providers,
    CORE is redefining what it means to restore lives. CORE's business model is unlike anything else on the market today and offers elite contractors the ability to be a part of a premier service offering, align themselves with an organization that believes in operating with the highest standards of craftsmanship, quality and integrity, all without giving up their independence.

    The total investment necessary to begin operation of a single CORE Group Restoration franchised business is between $76,000 and $371,150. This includes $50,000 to $93,150 that must be paid to the franchisor or its affiliate(s).
    The total investment necessary to begin operation of two CORE Businesses under a Multi-Unit Franchise is between $127,000 and $742,300. This includes $75,000 to $186,300 that must be paid to the franchisor or its affiliate(s).
    The total investment necessary to begin operation of ten CORE Businesses under a Multi-Unit Franchise is between $335,000 and $3,111,500. This includes $150,000 to $331,500 that must be paid to the franchisor or its affiliate(s).