Glass Guru
Date Incorporation: 2006
Franchising Since: 2007
Headquarters: California
Description: The Glass Guru businesses provide glass, window and door replacement services for restoration for residential and commercial customers.
Franchise Offer: The Glass Guru offers a franchise to operate a business offering glass, window and door repair and replacement services for residential and commercial customers.
Financial Assistance: If the franchisee meets franchisor's credit standards the franchisor may finance a portion of the initial franchise fee. The portion financed shall not exceed 49% of the total initial franchise fee. The availability of this installment payment option will be subject to the sole discretion of the franchisor. If the franchisor offers financing it will be over a maximum term of 60 months at an APR of 5%, using a standard form promissory note and security agreement. The note may be prepaid without penalty during the 60 months term. Security for the note shall be any and all assets of the franchisee’s business and shall be personally guaranteed by the franchisee and their spouse or all other shareholders of the corporation.
Training and Assistance: The initial training is mandatory for the Designated Manager (the franchisor) and it is also available for one office assistant and up to two additional field or office assistants and must be completed to the franchisor’s satisfaction. The franchisor does not charge for initial training, however, the franchisee must pay for all travel costs and living expenses for the designated manager and any other attendees that require training.
Territory: If the franchisee is in substantial compliance with the terms of the franchise agreement, the franchisor will grant a minimum area of primary responsibility that consists of a geographic area surrounding the franchised business containing a population of 250,000 to 750,000 persons for a The Glass Guru Business located in a metropolitan_ market 250,000 to 750,000 persons for a The Glass Guru Business located in a secondary market and 10,000 to 250,000 persons for a The Glass Guru Business located in a minor market.
Term of Agreement and Renewal: The term of the franchise agreement is 5 years with an option to renew for 3 consecutive terms of 5 years each.
Obligations and Restrictions: The Franchised Business must always be under the direct full-time supervision of a designated manager, which is the franchisee if they are an individual, or is an individual selected if the franchisees are a business entity. The designated manager must attend and satisfactorily complete the initial training program before opening the franchised business.
Investment Tables:
Initial Investment:
| Name of fee | Low | High |
|---|---|---|
| Franchise Fee | $15,000 | $40,000 |
| Real Estate/Rent | $0 | $4,000 |
| Utility Deposit | $0 | $500 |
| Leasehold Improvements | $0 | $2,000 |
| Insurance | $500 | $1,500 |
| Office Equipment and Supplies | $300 | $1,000 |
| Training | $1,500 | $2,500 |
| Signage | $500 | $2,000 |
| Furniture, Fixtures & Equipment | $500 | $3,500 |
| The Glass Guru Tool Kit Supplies | $0 | $1,500 |
| Computer system | $0 | $2,500 |
| Phone System | $300 | $1,000 |
| Vehicle | $0 | $2,000 |
| Grand Opening/Direct Advertising | $3,000 | $5,000 |
| Licenses & Permits | $350 | $750 |
| Legal & Accounting | $2,500 | $5,000 |
| Additional Funds/ Working Capital (3 months) |
$5,000 | $15,000 |
| TOTAL | $22,450 | $89,750 |
Ongoing fees:
| Name of fee | Amount |
|---|---|
| Royalty fee | 7% of gross sales for restoration services; 5% of gross sales for replacement services |
| Warranty Fund Contribution | 1% of gross sales for moisture removal services |
| Marketing Fund contribution | 1% of gross sales |
| Local advertising | At least 5% |
| Cooperative Advertising | Any or all the Marketing fund contribution plus any or all of required local advertising mat be re-designed for corporative advertising |
| Telephone directory advertising | Varies according to area and type of listing |
| Ongoing purchases of The Glass Guru Tools | Will vary under circumstances |
| Audit Expenses | All costs and expenses associated with audit |
| Late fees | 1.5% per month or the highest rate allowed by the law of the state where the franchise is located, whichever is less |
| Approval of products | All reasonable costs of evaluation |
| Insurance Policies | Amount of unpaid premiums plus the franchisors reasonable expenses in obtaining the policies |
| Transfer fee | $5,000 |
| System Modification | An amount not unreasonably disproportionate to the original investment |
| Customer Service | All costs incurred in assisting the customers |
| Substitute or new manager training | Rates as published in the Manual; currently $100 per day plus expenses as well as the employees expenses in attending |
| Temporary Management Assistance | Market rates, currently $250 per day, plus expenses or 25% of the gross sales, during that period |
| Ongoing training program | The franchisor is required to pay the expenses as well as the employees expenses in attending |
| Additional training | Rates as published in the Manual; currently $100 per day plus expenses as well as the employees expenses in attending |
| Additional operations assistance | Rates as published in the Manual; currently $250 per day plus expenses |
| New technician training | The franchisee is required to pay the then current standard rates for technician training and certification programs. In addition, all expenses incurred by the technician in attending these programs, including travel costs, room and board expenses and employees’ salaries will be the franchisee’s sole responsibility |
| Cost of enforcement | All costs including attorney’s fees |
| Indemnification | All costs including attorney’s fees |
The above information has been taken from the UFOC/FDD of The Glass Guru
Franchise Direct's Disclaimer
You may be interested in the following franchises...
VivoPools
Become a successful pool management professional with one of the largest players in the industry!
Minimum Cash Required: $25,000.
Real Property Management
is the nation's leading property management franchise, with a unique approach unequaled in the industry. Our...
Minimum Cash Required: $49,000.
Your Request List