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- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$166K - $291K
- Units as of 2022
About OLO Builders
More from OLO Builders
OLO is Growing With Franchises!
INVEST IN A PROVEN BUSINESS
The What and Why of OLO:
Owners can build their new home construction business quickly to create predictable cash flow as efficiently as possible
- Right Strategy
How OLO is Different
- Performance Culture Process
- Business Strategy & Workflow Tools
- Market Leader Accelerators
Value to Franchise Owners
Business Strategy Tools: OLO's software, tools, and coaching make strategy creation simple and predictable. The Calibration Tool© is one of several resources that provides a financial road map to help franchise owners project their ROA each year.
5-Person "Precision Team":
Small teams enable:
- Greater efficiency, scalability, and profitability in the home building process.
- OLO's proprietary workflow tools, coupled with the right people can produce extraordinary results
Performance Culture: OLO's culture process galvanizes the human element around behavioral norms designed to achieve great results. Accountability, feedback, managing stakeholder beliefs, and managing client satisfaction are hallmarks of the culture process.
Workflow Tools: They are simple, operationally clear, and they align team members.
- Swim Lane Tool© : defines roles for each home being built
- Even Flow System Tool© : helps manage the complexity of multiple homes being built concurrently.
Lead Generation: New owners are not left to find prospects on their own; after the initial business setup, OLO's lead generation and call center are launched and qualified appointments are set so sales can be generated quickly
Powerful Software: Clients choose from a collection of award-winning predesigned home plans with up to 1300 options to choose from. Price estimates are provided instantly in the sales presentation, along with ready-to-build blueprints and all materials and costs.
- Franchising Since
- 2020 (2 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
- # of Units
- 7 (as of 2022)
- Corporate Address
5748 S. Adams Ave. Pkwy.
Ogden, UT 84405
Information for Franchisees
Here’s what you need to know if you’re interested in opening a OLO Builders 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.
- Initial Investment
- $166,100 - $291,000
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.
- 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.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Royalty Fee
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
- 5 years
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?
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 40 hours
- Classroom Training
- 20 hours
- Ongoing Support
Meetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- 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
- 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.
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