Novus Glass

#61

At a Glance

Products & Services: Auto glass repair & replacement

Number of Locations: 1,721

Total Investment: $40.78K - 222K

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
2012	261	126	1,324	10
2011	246	126	1,292	10
2010	223	120	1,272	10
2009	224	156	1,645	9

Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Africa, Asia, Canada, Central America, Eastern Europe, Middle East, Mexico, South America, Western Europe.

Startup Costs, Ongoing Fees and Financing

Total Investment: $40,775 - $222,000
Franchise Fee: $10,000
Ongoing Royalty Fee: 8%
Term of Franchise Agreement: 10 years, renewable

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).