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Below is an in-depth analysis and side-by-side comparison of Luxury Bath Systems vs Gutter Genie including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $20,000 - $40,000 | $75,000 - $135,000 |
Franchise Fee | $16,000 | N/A |
Royalty Fee | 0 | - |
Advertising Fee | - | - |
Year Founded | 1989 | - |
Year Franchised | 1994 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $5K | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | -/- |
Start-up Costs | Yes/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | - |
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: 15 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
NO LONGER FRANCHISING
Our franchising system is built on the premise that the Company can be successful only if our franchisees are successful first. We believe in a partnering relationship with our owner/ operators, suppliers and employees.
Success for The Gutter Genie Company flows from the success of its business partners.