- 2024 Franchise 500 Rank
-
#292 Ranked #359 last year
- Initial investment
-
$100K - $122K
- Units as of 2023
-
161 57.8% over 3 years
Gotcha Covered handles residential and commercial custom indoor window treatments. They supply blinds, shutters, draperies, and more. Based in Denver, Colorado, the company currently has over 80 franchise units across the United States, as well as a handful in Canada. It is actively seeking new franchisees.
As a Gotcha Covered franchisee, you will be running a flexible business that allows you to retain full control of your schedule. You may even begin as a home-based business before branching out into a retail shop when you are ready.
Existing franchisees come from different backgrounds while sharing certain commonalities that are helpful in the business. They are friendly, hardworking, and self-driven people who have a passion for what they do. If you share these traits, with or without business experience, you could be a good addition to the growing family at Gotcha Covered.
Why You May Want to Start a Gotcha Covered Franchise
Window treatments is a unique business because nearly everyone needs them! Gotcha Covered is happy to help you transform this market demand into a vehicle for your dreams. After all, with Gotcha Covered three-decade history, you have all the brand experience and advantage you need to make it a community staple.
Gotcha Covered will train franchisees on everything you need to master to make your franchise operational, from administrative tasks to installing high-tech, remote-controlled window treatments.
What Might Make Gotcha Covered a Good Choice?
Gotcha Covered is a low-capital, low-overhead, no-inventory business. To be part of the Gotcha Covered team, you should make sure you’re financially ready to meet any fees or minimum cash requirements before opening and operating a franchise, which may be home-based or storefront. The company also offers in-house financing for those who need help getting started.
With your initial investment are several inclusions, such as proven online marketing programs, your own professional and optimized website, digital marketing campaigns, referral partnerships, home and garden show features, and buying power through vendor relationships. Of course, your initial investment will also include a franchise fee and other startup fees.
As you decide if you want to open a Gotcha Covered franchise, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
How to Open Your Own Gotcha Covered Franchise
Operating a Gotcha Covered franchise begins with filling out an inquiry. Once the company receives the form, they will send you an extensive information packet that gives you a more in-depth look into the company, its background, and your part as a franchisee.
While a Gotcha Covered franchise is a unique opportunity, the process of getting one is not so different from the others. There will be some back and forth between you and the team, with the purpose of letting both sides scope for a fit.
If you and the company decide on a partnership, the company will assist you in selecting a territory and signing a franchise agreement. All training will begin from there, with ongoing support being enjoyed throughout the lifespan of your franchise.
Company Overview
About Gotcha Covered
Industry | Home Improvement |
---|---|
Related Categories | Window Coverings, Miscellaneous Home-Improvement Businesses |
Founded | 1991 |
Parent Company | Five Star Franchising |
Leadership | Paul Linenberg, President |
Corporate Address |
6251 Greenwood Plaza Blvd., #170 Greenwood Village, CO 80111 |
Social | Facebook, LinkedIn, YouTube |
Business Overview
Franchising Since | 2001 (23 years) |
---|---|
# of employees at HQ | 13 |
Where seeking |
This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, 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 This company is offering new franchises in the following international regions: Canada |
# of Units | 161 (as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Gotcha Covered franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$69,900 |
---|---|
Initial Investment
|
$100,050 - $122,055 |
Net Worth Requirement
|
$150,000 |
Cash Requirement
|
$150,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
$350-$2K+/mo. |
Ad Royalty Fee
|
to $1K/mo. |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
In-House Financing | Gotcha Covered offers in-house financing to cover the following: franchise fee |
---|---|
Third Party Financing | Gotcha Covered has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Classroom Training | 100 hours |
---|---|
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
Yes |
Can this franchise be run part time?
|
No |
# of employees required to run | 1 |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Gotcha Covered landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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