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Novus Glass

2014 Franchise 500
#124
At a Glance

Products & Services: Auto glass repair and replacement

Number of Locations: 1,625

Total Investment: $44.3K - $226.99K

Founded: 1972

Began Franchising: 1985

About Novus Glass

After having to replace three windshields due to small breaks, inventor Dr. Frank Werner teamed up with chemical engineer Bill Wiele to find a way to repair windshields rather than replacing them. In 1972, Werner partnered with Gerald Keinath, patented his windshield repair system, and designed a business plan to bring it to market. The business, originally called Keinath Inc., was soon renamed Novus (Latin for "new"), and began franchising in 1985.

Franchise Units

Year U.S. Canadian International Company Owned
2013 279 10 1,319 17
2012 261 126 1,324 10
2011 246 126 1,292 10
2010 223 120 1,272 10
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Africa, Asia, Australia/New Zealand, Canada, Central America, Eastern Europe, Middle East, Mexico, Philippines, South America, Western Europe.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $44,270 - $226,995
Franchise Fee: $12,995
Ongoing Royalty Fee: 8%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: $3,000 off franchise fee
Financial Requirements
Net Worth: $50,000
Liquid Cash Available: $20,000
Operations
Franchise can be run from home. 20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1. Absentee ownership of franchise is NOT allowed. (85% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: 2 weeks. In field : 1 week.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Ad slicks,

Franchise Ranking History

Franchise 500®: #124 (2014), #61 (2013), #77 (2012), #65 (2011), #89 (2010),
Fastest-Growing: #89 (2013), #76 (2012),
Low-Cost: #21 (2014), #10 (2013), #14 (2012), #15 (2011), #24 (2010),
Top Home-Based: #27 (2014), #11 (2013), #18 (2012), #17 (2011), #24 (2010),
America's Top Global: #28 (2013), #69 (2012), #56 (2011), #73 (2010),

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