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Promoted Opportunities

Novus Glass
#85

Initial Investment

LOW: $49,970
HIGH: $268,895

Change in Units

+2.7% +52 UNITS (1 Year)
+22.7% +369 UNITS (3 Years)

Company Profile

Founded

1972

Franchising Since

1985 (32 Years)

Corporate Address

650 Pelham Blvd., #100 St. Paul, MN 55114

CEO

Garry Skidmore

Parent Company

Novus Franchising, Inc.

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.

Financials

Financial Requirements

Initial Investment

$49,970 - $268,895

Net-worth Requirement

$50,000

Liquid Cash Requirement

$25,000

Ongoing Fees

Initial Franchise Fee

$14,995 - $29,995

Ongoing Royalty Fee

8%

Ad Royalty Fee

included

Financing Options

Novus Glass offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory

Novus Glass has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


$3,000 off franchise fee

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: See List

Operations & Franchisor Support

Training Onsite: 5 days

Training at headquarters: 25 days

Additional Training: In field

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Number of employees required to run: 1

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: October 6th, 2016

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