Owens Corning Basement Finishing System vs Granite America Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Owens Corning Basement Finishing System vs Granite America 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
Granite America Franchise
Investment $41,000 - $167,000$32,250 - $576,200
Franchise Fee $15,000$12,500 - $40,000
Royalty Fee 5%-
Advertising Fee --
Year Founded 20001999
Year Franchised 20002012
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $9K-


Business Experience Requirements
 
Owens Corning Basement Finishing System Franchise
Granite America 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
    Granite America 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
    Granite America 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
    Granite America 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 Granite America

    "Granite

    The franchise offered is for the operation of either a granite and stone countertop sales and installation shop that orders slabs as needed, fabricates them and performs installations (“Express Model”), a granite and stone countertop sales, fabrication and installation shop that has an inventory of slabs onsite (“Standard Model”) or a granite and stone countertop sales, fabrication and installation shop that has an inventory of slabs onsite and uses digital technology and automation to fabricate slabs (“Digital Model”) for home improvement and construction projects. Besides opening as a new business (“Startup Franchise”) there is also an option to convert an existing granite, marble or solid surface shop into either an Express, Standard or Digital Model (“Conversion Franchise”). These are service oriented businesses that offers a wide selection of imported granite and stone slabs that are customized into countertops while incorporating an efficient and simplistic approach to production and daily operations, under the name “Granite America®”. 
    When you became a franchise of a Granite America®, you will offer unique products that are superior and NOT available in the marketplace. In other words, you won’t find our products anywhere else! As a Granite America® franchise you are a one- stop solution for sales, fabrication and installation. Not only will you be able to transform residential homes, you will also meet the demand for commercial businesses such as: restaurants, hotels, retail stores, casinos and MORE!
    We have several markets available across the United States so don’t wait!
    Startup Franchise; for a Standard Model, the Initial Franchise Fee is $12,500 for a Conversion Franchise or $25,000 for a Startup Franchise; for a Digital Model, the Initial Franchise Fee is $25,000 for a Conversion Franchise or $40,000 for a Startup Franchise with protected rights to operate in a specific area defined by the franchisor. Additional franchises will be available for $10,000 for an Express Model or $15,000 for either a Standard Model or Digital Model per franchise.
    The total investment necessary to begin operation of a Granite America® Express Model ranges from $32,250 to $116,000 for a Conversion Franchise or from $162,850 to $270,450 for a Startup Franchise; for a Standard Model from $66,950 to $180,200 for a Conversion Franchise or from $327,650 to $576,200 for a Startup Franchise; and for a Digital Model from $742,300 to $969,100 for a Conversion Franchise or from $1,121,000 to $1,463,100 for a Startup Franchise which will depend on a number of factors that are fully discussed in Item 7 and includes the Initial Franchise Fee that must be paid to the Franchisor.