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Below is an in-depth analysis and side-by-side comparison of IronDrive vs Groutsmith including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $39,000 | $27,300 - $34,400 |
Franchise Fee | $20,000 | $19,900 - $28,900 |
Royalty Fee | 6% | Fixed |
Advertising Fee | 2% | - |
Year Founded | - | - |
Year Franchised | - | - |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | * > Customer Oriented * > Positive Attitude * > Passion for Quality | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | Franchisee attends new franchisee training program in Chandler, Az. | - |
Support | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
IronDrive specializes in garage floor coverings and much more. IronDrive gives you the opportunity to install high-quality siding for residential garages and many commercial siding applications. Your product is easy to apply - a two-car garage can be fully coated in as little as six hours!
The market for this product is practically untapped. IronDrive reports that a high percentage of garage floors in the United States are bare concrete. More and more garages are becoming second "man cave” or simply lining so oil spills and dirt can be cleaned up quickly.
An investment for this relatively low cost franchise of $ 39,000 makes this a very attractive opportunity. This gives you the opportunity to be your own boss and run your own company. Very low inventory is also required. The company claims that it is a "turnkey” operation, but does not mention any means of developing an Internet presence. For a fraction of the franchise price, you can learn how to effectively market your IronDrive business on the Internet. You simply need some internet marketing, mentoring, and coaching and training to help you jump-start your new business. You are obviously reading this on the internet, and as a business owner you must also learn how to market on the internet.
The Groutsmith could easily be described at the perfect business model! A home based business with low overhead, no selling, recession proof, and offering huge exclusive protected territories. It gets better: Groutsmith will provide you a detailed six year earnings statement in Item 19 of the FDD. THE OPPORTUNITY The Groutsmith Franchise is your opportunity for financial independence. With our Proven System, Products and Support and your effort and hard work, we have the winning formula. You can build a solid, respected business with incredible income potential. OUR UNIQUE AND PROVEN SYSTEM INCLUDES: * Exclusive Groutsmith Territory * 80 Hours Hands on Training * Comprehensive Start-up Package * Proprietary Groutsmith Professional Product Line * Proprietary Groutsmith Consumer Products * Vehicle Decal Package * Software Program * Proven Marketing System * Personal Intranet Page on our Extensive Site * Technical Support OTHER UNIQUE BENEFITS: * Modest Fixed Monthly Royalty * Passive Income Benefits from Consumer Purchases * Niche Business/Employees Optional THE GROUTSMITH CANDIDATE No experience required. Groutsmith is looking for people who are self-starters with a solid work history, good work ethic and strong people skills. This business could be a fit for most candidates, whether it is a hands-on individual who wants to do the work himself, or a manager who wants to hire others to do the actual service. POINTS OF DISCUSSION * Low start-up costs * Home based business * Verifiable income * Protected territories (at least 125,000 owner-occupied households) * Fixed Royalties * Income from services and products * Great hours (Mon-Fri, 8:00 - 5:00) * Call Center makes demo/estimate appointments * Proven marketing system * Two weeks training * No selling! Advertising provides leads to Call Center, Call Center sets appointments.