Owens Corning Basement Finishing System
Basement finishing systemBackground
Founded: 2000 Franchising since: 2000
Franchisor is a publicly-held company with 1000 employee(s); 15 employee(s) in franchise department.
Franchise Growth
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada
Exclusive territories available.
Territory size: Based on opportunity within metropolitan statistical areas
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One Owens Corning Pkwy. Toledo, Ohio 43659 |
Phone: (800)438-7465 |
Franchisor is a publicly-held company with 1000 employee(s); 15 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2009 | 70 | 4 | 0 | 2 |
| 2008 | 86 | 5 | 0 | 0 |
| 2007 | 90 | 4 | 0 | 0 |
| 2006 | 94 | 0 | 0 | 0 |
| 2005 | 87 | 0 | 0 | 0 |
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada
Exclusive territories available.
Territory size: Based on opportunity within metropolitan statistical areas
Costs and Fees
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Total investment: $60.9K-219.8K Franchise fee: $15K+ |
Ongoing royalty fee: 5% Term of agreement: 5 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | No | No |
| Startup Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Qualifications
Cash liquidity requirement: $150K
Business Experience:
- Industry experience
- General business experience
- Marketing skills
- Must have or obtain a general contracting license
Operations
- 10% of all franchisees own more than one unit
- Number of employees needed to run franchised unit: 20
- Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)
Training and Support
Training
Ongoing Support
Marketing Support
- Available at headquarters: 1 week
- At franchisee's location: 1-3 days
Ongoing Support
- Meetings
- Internet
- Field operations/evaluations
- Purchasing cooperatives
Marketing Support
- Co-op advertising
- Ad slicks
- National media