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Below is an in-depth analysis and side-by-side comparison of Jet-Black vs HomePros including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $71,600 - $125,340 | $101,285 - $143,475 |
Franchise Fee | $25,000 | $19,500 |
Royalty Fee | 1%-8% | 7% |
Advertising Fee | - | - |
Year Founded | 1988 | 2001 |
Year Franchised | 1993 | 2002 |
Term Of Agreement | 15 years | 5 years |
Term Of Agreement | 15 years | 5 years |
Renewal Fee | - | - |
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/Yes | Yes/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | On-The-Job Training: 24+ hours Classroom Training: 16+ hours Additional Training: At advanced training seminars | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations |
Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Ad slicks |
Operations |
Franchise can be run from home. 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is allowed. (99% of current franchisees are owner/operators) |
Franchise can be run from home. 28% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | Yes | No |
International Expansion | Yes | No |
HomePros Corporation offers professional home improvement and repair services to the general public. HomePros specializes in small to medium sized construction projects and is engaged in the refurbishment of distressed residential real estate.