|
Below is an in-depth analysis and side-by-side comparison of Grout Wizard vs CRATE including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $20,615 - $33,725 | $100,424 - $177,999 |
Franchise Fee | $12,000 - $16,000 | $22,000 - $46,000 |
Royalty Fee | 6%-9% | 2%-4% |
Advertising Fee | 3% | $38,500 - $42,000 annually |
Year Founded | 1997 | 2011 |
Year Franchised | 2001 | 2015 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 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. | We're looking to partner with motivated entrepreneurs who have liquid funds amounting to at least 150% of the figures listed in Item 7 of CRATE's Franchise Disclosure Document, and proper licensing. |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | 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. | Ongoing |
Support | Meetings, Internet, Security/safety procedures, Field operations/evaluations | CRATE franchisees receive ongoing training and support with everything from lead screening, marketing, sales, project management, field implementation, and security/safety procedures. CRATE's 24/7 support team offers contractors the benefit of warmed up leads and setting up initial walk-throughs. |
Marketing | Ad slicks | - |
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) | Our time-tested business model equips contractors with the necessary tools to offer a residential construction business which offers affordable remodeling for kitchens and bathrooms to customers wishing to implement a high-end renovation to an existing kitchen or bathroom layout. Our system is designed to maximized efficiency, as well as profit-per-workday. |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
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%
CRATE Franchise Systems -- the franchisor of kitchenCRATE and bathCRATE -- offers home improvement specialists industry-leading solutions in lead generation and maximizing profit-per-workday while helping them deliver organized, efficient remodeling services. Each signature crate, an 8' x 16' x 8' tall container, includes all the necessary tools and materials contractors need to complete a quality remodel in as little as seven days. CRATE Franchise Systems is now expanding through a targeted franchise program. Immediate opportunities are available in California, Nevada, Arizona, and Oregon.