|
Below is an in-depth analysis and side-by-side comparison of Grout Wizard vs HomeStory Doors and More including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $20,615 - $33,725 | $157,250 - $298,500 |
Franchise Fee | $12,000 - $16,000 | $20,000 - $40,000 |
Royalty Fee | 6%-9% | varies |
Advertising Fee | 3% | varies |
Year Founded | 1997 | 2011 |
Year Franchised | 2001 | 2011 |
Term Of Agreement | 5 years | 5 years |
Term Of Agreement | 5 years | 5 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | You need no previous business nor technical experience at all. Franchisees come from all backgrounds, ages and genders. The Company will teach you every phase of the business step by step. All you need is the desire to own and operate your own business. | Business Experience: · General business experience · Sales skills · Home improvement experience not required |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | No/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | There is a required 5-day, in depth, hands on training program that all Franchisees must successfully complete. Each Franchisee will be provided with the details of GROUT WIZARD procedures, methods of operations, sales techniques, communications, advertising, managing employees, interacting with customers and every aspect of operating a successful GROUT WIZARD business. | - |
Support | Meetings, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
Marketing | Ad slicks | Co-op advertising, Regional advertising |
Operations |
Franchise can be run from home.
Number of employees needed to run franchised unit: 2 - 4
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1-4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | Yes | No |
The GROUT WIZARD business was created out of a strong need in the marketplace for someone to do small grout restoration jobs. Tile contractors receive many calls for grout work but are typically only interested in large tile installation jobs. Our GROUT WIZARDS are highly qualified grout specialists who clean and seal grout, remove and replace grout with the tile left in place, and change the color of existing grout without removing either the tile or grout. The GROUT WIZARD uses market research to measure market potential and to determine the best possible territory for each Franchisee. Market research includes such factors as demographics, population households, median income, median home value, media types available and geographical analysis with census data by zip code, city, county and state. Your territory is exclusive and protected to the degree that the GROUT WIZARD will not compete with a Franchisee by selling an additional Franchise or opening an operation within the Franchisees territory. The Company will provide you with all the tools to succeed by offering opportunity, products, services, experience, training and support. A GROUT WIZARD Franchise gives the Franchisee the opportunity to enhance their business prospects Being a Franchisee allows an individual to have a close association with a parent company who remains in the background to help facilitate growth and market presence, while the Franchisee still has control over his/her business.
Discounts: 1st in State 30% Military Vet 30%
With HomeStory, the Opportunity is Easy to See The first company of its kind in an underserved market niche Proprietary technology creates incredible efficiency and a barrier for competitors Powerful marketing and sales system backed by over 15 years of experience HomeStory transforms and updates homes faster, easier, and more affordably than any other home improvement project. This is accomplished by replacing all of the worn, outdated doors in a home with beautiful designer doors and hardware. HomeStory offers tremendous value, made possible by award-winning technology, a nationwide supplier network, and a marketing system that engages homeowners and creates demand. Learn How HomeStory's Proprietary Technology Unlocks the Door Replacement Market Why Door Replacement? Simply put: A substantial unmet need. Like most items in a home, doors wear out, become outdated and need to be replaced. Yet, few homeowners have been offered an affordable, convenient and mess-free option for updating their doors. As a result, most homes still have their old doors, making this a large, untapped market with little competition. What a Difference! Homeowners repeatedly tell us how surprised and delighted they are with the dramatic improvement our custom doors and hardware make throughout their homes. With HomeStory, you're able to consistently exceed customer expectations, making them invaluable advocates for your service.