Is
Novus Glass
a franchise?
How many
Novus Glass
franchises
are there?
What are the
Novus Glass
franchise
fees?
Initial Franchise Fee ($10,500 - $40,000)
The initial franchise fee for a Novus Glass franchise ranges between $10,500 to $40,000. This fee compensates Novus Glass for granting the license to operate a Novus Glass Business and for the initial training and assistance provided.
Royalty Fee (6% of Gross Revenues or Minimum Monthly Royalty Fees)
Franchisees are required to pay a non-refundable monthly royalty fee equal to the greater of:
- 6% of the Gross Revenues from the sale of any and all Products and Services sold in or from the Business.
- The Minimum Monthly Royalty Fees, which start at $350 beginning in the 4th month after signing the agreement, increasing to $500 from the 7th month onwards for the remainder of the term.
Advertising Fee (6% of Gross Revenues)
- Marketing Contribution: Franchisees are required to pay a non-refundable monthly marketing contribution equal to 2% of their Gross Revenues from the sale of any and all Products and Services they sell in or from their business.
- Local Advertising: Franchisees are obligated to spend at least 4% of their Gross Revenues on local advertising. All Yellow Page advertising done in accordance with the franchise agreement will qualify as part of this 4% local advertising obligation.
Note: The fees presented here can be found in the Item 5 of the Franchise Disclosure Document. For a complete list of all the fees borne by the franchisee, please consult the Franchise Disclosure Document.
How much does
it cost
to start a
Novus Glass
franchise?
There are two franchising options available:
- Leased Retail Location Franchise: The total estimated initial investment for this option ranges from $79,300 - $273,690.
- Mobile Franchise: The total estimated initial investment for this option ranges from $58,800 to $159,490.
Leased Retail Location:
Mobile Franchise:
Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.
Does
Novus Glass
provide
training
to its
franchisees?
If you're thinking about embarking on a franchise journey with Novus Glass, here's what you can anticipate in terms of training and the associated costs.
Training Insights:
- Initial Training: Novus Glass offers a comprehensive training program for its franchisees. This training is crucial for franchisees to understand the intricacies of the business and ensure they're primed to deliver top-notch services to customers. The training covers a broad spectrum, from product know-how to operational best practices.
- Location and Duration: The training is typically conducted at a designated Novus Glass location. The exact duration and schedule are tailored based on the franchisee's needs and the availability of training sessions.
- Onsite Training: For those entering into their first stand-alone franchise agreement for a retail location with Novus Glass, there's an added perk. Within two months of opening the retail location, Novus Glass sends a member of their training team to the franchisee's territory. This provides approximately one week of in-the-field training, ensuring the franchisee gets hands-on experience and insights.
- Annual Training: To ensure franchisees stay updated with the latest techniques and industry standards, they are required to attend at least one additional training program annually.
Financial Aspects and Other Details:
- While Novus Glass provides the core training, franchisees are responsible for all expenses incurred during the training. This encompasses travel, accommodation, meals, and other related costs.es the right to terminate the agreement.
Does
Novus Glass
provides
territory
protection?
Novus Glass does provide territory protection to its franchisees.
Franchisees are granted the right to use the Marks and the Business System within a designated territory. They do not have the right to operate the business or to solicit or sell any products and services under the Marks outside of this territory without written permission from the franchisor.
This territory is determined using mapping software and vehicle data from a third-party source, typically consisting of one or more zip codes or partial zip codes. The exact size of the territory may vary based on factors like demographics, geographic area, and the number of competing businesses.
Can a
Novus Glass
franchise
be run as
a passive
investment?
You must devote your full-time and best efforts, or have a manager devote his or her full-time and best efforts, to the operation of your Novus® business.
If you (the franchisee) are an entity, like a corporation or limited liability company, all individuals with a direct or indirect ownership interest in you that we approve must be involved in the day-to-day operations of the business.
