- 2023 Franchise 500 Rank
#19 Ranked #15 last year
- Initial investment
$141K - $212K
- Units as of 2023
1,472 15.6% over 3 years
Why is the home improvement industry booming?
With the cost of real estate hitting an all-time high, the home improvement industry has been booming as people choose to renovate instead of move. Most homeowners also change their decor when doing a home renovation, and adding items like blinds and window treatments go hand-in-hand with these changes.
The Budget Blinds franchise, a shop-at-home service provider of custom window coverings, pairs perfectly with these popular renovations. Their continued success shows how much customers love the immediate visual change they provide.
In 2020 the window covering business hit $29.95 billion, and it’s projected to hit $36.75 billion by 2025. Custom blinds, draperies and window coverings are so popular because customers find them affordable, quick and easy to significantly change their room's appearance.
Introducing smart home automation features such as automatic weather sensors and remote controls has also increased their popularity.
- 75% of Budget Blinds customers purchased window coverings for more than one room in their homes.
- 53% of Budget Blinds customers spent over $1,500, with 20% spending over $2,000 on window coverings.
- 91% of Budget Blinds customers said they were satisfied with their consultation and buying experience.
What is Budget Blinds?
Started in 1992 by five young entrepreneurs, Budget Blinds has grown into North America's top window coverings franchise.
Providing custom blinds, shutters, shades, draperies and more for residential and commercial customers, they are second-to-none in the industry.
Offering exclusive private label brands and the one-of-a-kind DesignINK program that allows customers to customize their patterns and colors makes the Budget Blinds franchise stand out from its competitors.
With additional features such as smart home technology, child safety features and products that help with light and privacy issues, there is always an option to fit every customer’s needs.
Related: Window Coverings Franchises
Why choose Budget Blinds?
Backed with 30 years of experience across the U.S. and Canada and ranking on the Entrepreneur Franchise 500 Hall of Fame list for 28 consecutive years, starting a Budget Blinds franchise provides an excellent business opportunity.
Offering extensive training and support, teamed with the best product pricing and warranties in the business, you are starting on the right foot in building a successful business.
Budget Blinds is based in Irvine, CA, under its parent company, Home Franchise Concepts.
When you open a Budget Blinds franchise, you will follow a proven and successful business model that has proven life-changing for franchise owners.
To decide if becoming a Budget Blinds franchise owner is right for you, the first step is to book a phone appointment with an advisor to discuss the following:
- Go over the advantages of opening a Budget Blinds franchise.
- Learn what the basic requirements are and how territories work.
- Discover the benefits of owning a franchise, including the Budget Blinds work culture.
- Talk about the home-based, no inventory and low overhead business model.
- Go over the royalty and marketing fees.
- Discuss the flexible schedule that lets you be your own boss.
Is there training provided?
The training provided to business owners by Budget Blinds is one of the top training programs in the industry. Once approved as a franchise owner, you will be enrolled in an extensive two-week training program where you will learn everything you need to know about operating a successful franchise.
You will learn various time and financial management techniques, the sales process and how to properly market and advertise your business.
Along with that, you will also undergo in-depth training on the products you will sell and the installation process. Your training will include a combination of hands-on, live and virtual components and everything you need to know to hit the ground running.
Once your initial training is done, you aren’t left to your own devices. You will now have access to support and additional training, including a weekly call with your Regional Operations Manager.
You will also have access to your Regional Field and Marketing Manager, who will guide you on local marketing and a product and installation support team who can answer any technical questions.
How do you start a Budget Blinds franchise?
Once you have decided to open a Budget Blinds franchise, you need to take a series of steps to get approved and trained to officially open your first location.
The steps are as follows:
- Submit your application to open a franchise location.
- Schedule an interview with the Chief Development Officer.
- Have the Committee approve your application.
- Attend a Meet the Team day to learn about operations, training, marketing and product strategy. You will also have access to a demonstration of the Budget Blinds management software program and have the opportunity to ask any questions you might have.
- Receive your final approval and sign the Franchise Agreement.
- Participate in a two-week training program to help start you on the path to success.
How much does it cost to open a Budget Blinds franchise?
When starting a Budget Blinds franchise, you must consider the initial investment and the royalty fees.
The initial investment includes the initial franchise fee, territory fee and the liquid capital you require to open the franchise.
The initial franchise, territory fee and minimum working capital are the main components of the start-up costs.
- Initial investment: $19,950.
- Initial franchise territory fee: $70,000.
- Minimum working capital: $50,583.
For new franchisees that meet the criteria, Budget Blinds also offers financing of up to $56,000, which brings the total investment down from $140,533 to $84,533.
With a Budget Blinds franchise, the ongoing royalty fees are as follows:
- Months one to six: $300.
- Months seven to 12: $700.
- Months 13 to 24: $1,100.
- Months 25 to 36: $1,500.
- Months 37+: $2,000.
What are franchise owners saying?
The true mark of an excellent business investment is what other franchise owners are saying. Read on for a few testimonials from current Budget Blinds franchise owners:
- “The opportunity with Budget Blinds has definitely changed my life. It’s really given me the freedom to move forward with the things that I enjoy most.” - Debbie Blackmon, multi-unit owner.
- “We have a lot of freedom to take care of our family, travel and do the things we need to do.” - Dale and Cheryl Zahniser.
- “Being a Budget Blinds franchise owner, I’ve been able to build my own business successfully, but also be able to prioritize my time for other things that are important to me in my life. We’ve tripled our business within the first three years, so that is super rewarding. I enjoy being a Budget Blinds franchise owner very much. I’m my own boss. I love it.” - Lloyd Biggs.
If you’re interested in an excellent business venture backed by tremendous support, look no further than opening a Budget Blinds franchise.
With three decades of experience, a proven business model that works and a low initial investment, opening a Budget Blinds franchise can be that open window you have been looking for to help transform your life for years to come.
Check out Entrepreneur’s other articles for more information about Budget Blinds and other franchise opportunities.
About Budget Blinds
|Related Categories||Window Coverings, Miscellaneous Home-Improvement Businesses, Furniture & Appliances, Miscellaneous Services|
|Parent Company||Home Franchise Concepts|
|Leadership||Heather Nyckolaychuck, President|
19000 MacArthur Blvd, #100
Irvine, CA 92612
|Social||Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest|
|Franchising Since||1994 (29 years)|
|# of employees at HQ||300|
This company is offering new franchisees throughout the US.
This company is offering new franchisees in the following international regions: Canada, Mexico
|# of Units||1,472 (as of 2023)|
Information for Franchisees
Here's what you need to know if you're interested in opening a Budget Blinds 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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
|$140,500 - $211,750|
Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
|$84,500 - $155,750|
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
|15% off initial franchise and territory fees|
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Term of Agreement
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
|Is franchise term renewable?||Yes|
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
|In-House Financing||Budget Blinds offers in-house financing to cover the following: franchise fee|
|Third Party Financing||Budget Blinds has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
|Classroom Training||93 hours|
Meetings & Conventions
Security & Safety Procedures
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||No|
Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
|# of employees required to run||1-3|
Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like Budget Blinds? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Budget Blinds landed on this year's Franchise 500 Ranking versus previous years.
Curious to know where Budget Blinds ranked on other franchise lists? Find out below.
Ranked #1 in Window Coverings in 2023
Best of the Best
Ranked #19 in 2023
Ranked #50 in 2023
Ranked #1 in 2023
Top Home-Based & Mobile Franchises
Ranked #29 in 2023
Top Global Franchises
Ranked #3 in 2023
Top Franchises for Less Than $150,000
Ranked #18 in 2023
Top Brands for Multi-Unit Owners
Ranked #3 in 2022
Top Franchises For Veterans
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