Granite Transformations Franchise Costs & Fees
Date of Incorporation: 1995
Franchising Since: 1997
Headquarters: Miramar, Florida
Business Description: Rocksolid Granit (USA), Inc. is the franchisor. The franchisor offers a professional business under the name “Granite Transformations” and its other trademarks that markets, sells and installs its Rocksolid Granit reconstituted slabs over existing surfaces, including vanities, kitchen countertops, and fireplaces to customers within designated territories.
Franchise Offer: The franchisor franchises the right to operate an independently owned professional business offering granite resurfacing products and services, under the name Granite Transformations.
Financial Assistance: On occasion and upon your request, the franchisor may agree to provide financing for a portion of the Initial Franchise Fee when purchasing a new franchise, purchasing an existing franchised location or purchasing a company-owned location. If franchisees decide to utilize our in-house fabrication services for cutting and fabrication services for their slab inventory, or franchisees purchase a GT Mobile business, they will be required to purchase a digital templator from the franchisor. The franchisor will sell this digital templator to franchisees for a $1,995 monthly payment over 12 months. Except as provided above and as part of the programs, the franchisor does not offer direct or indirect financing. The franchisor will not guarantee franchisees’ note, lease or other obligations. Although Rocksolid Granit has never done so, it has the right to sell or assign the note to a third party without franchisees’ consent. Franchise prospects of Rocksolid Granit are eligible for expedited and streamlined SBA loan processing through the SBA’s Franchise Registry Program.
Training and Assistance: The initial training program consists of 10 days of training conducted over a consecutive two week period in Grapevine, Texas or another location determined by the franchisor, and at least five days of follow up training at the Franchised Business or such other place as Rocksolid Granit may designate. The franchisor will provide five days of continuing advanced installation training, which will be conducted by its National Installation Trainer at the franchisee’s location or at any other location the franchisor may designate. Any additional training requested by franchisees exceeding the training described above shall be at their expense for the instructor’s travel, subsistence, lodging and reasonable per diem charges.
Territory: Franchisees shall operate the Franchised Business within an exclusive designated territory. For a standard Granite Transformations business, the Designated Territory will consist of an area containing a population of at least a minimum of 100,000 residential housing units (single family homes that are or have been occupied) and a maximum of 300,000 housing units (as defined in the 2010 U.S. Census as a house, an apartment, a mobile home or trailer, a group of rooms, or a single room that is occupied as a separate living quarters, or, if vacant, has been occupied as a separate living quarters). In smaller markets, generally those with fewer than 100,000 housing units, the franchisor is offering its GT Mobile concept. The franchisor will not operate company owned stores, nor will it designate or allow another franchisee to operate within the Designated Territory nor will it service or grant other franchisees the right to service existing residential housing units (occupied or vacant) located in the Designated Territory.
Term of Agreement and Renewal: The length of the initial franchise term is 10 years. Franchisees can renew for 2 additional consecutive periods of 10 years each provided they are not in default or violation of franchise agreement.
Obligations and Restrictions: Franchisees must devote their best efforts and full time dedicated to the management of the Franchised Business in their office and in the field conducting both sales calls and job site visits unless a designated job site manager is employed to handle job site supervision. Corporate or partnership franchisees must designate an individual upon whom the franchisor may rely for the personal and direct management of the Franchised Business at the job site. Franchisees must offer all authorized products and services and only those products and services that the franchisor specifies from time to time, in the Franchise Operations Manual and otherwise in writing.
Estimated Number of Units: 160
|Name of Fee||Low||High|
|Initial Franchise Fee||$35,000||$75,000|
|Travel and Living Expenses||$500||$2,000|
|Advertising, including Grand Opening Advertising||$5,000||$30,000|
(a) Personal car or light truck for sales and general traveling if the franchisee does not presently own; and
(b) Working Truck and Fork Lift (one)
|Rent (first 3 months)||$2,000||$8,000|
|Business Licenses, Permits and Contractors License||$0||$7,000|
|Equipment, Furniture and Fixtures (desks, chairs, small copier, fax machine, telephones, computer system)||$3,000||$21,000|
|Initial Granite Inventory and Supplies||$2,500||$45,000|
|Insurance (first 3 months)||$5,000||$20,000|
|Call Center Support Set Up Fee||$250||$250|
|Miscellaneous Costs (Organizational Expenses, etc.)||$2,000||$5,000|
|Additional Funds (first 3 months)||$30,000||$50,000|
|Type of Fee||Amount|
|Royalty Fee||2% of Gross Sales per month.|
|National/Regional Advertising Fund||Presently 1.5% of monthly Gross Sales, not to exceed 2% (National Fund).|
|Call Center Support Fees||$250 set up fee; then $25 per lead/appointment scheduled.|
|Audit Fee||Cost of audit plus legal interest rate on date of any underpayment.|
|Additional Training||$125 per person per day subject to increase.|
|Training for Additional Addendum Offerings||$2,000 per visit.|
|Indemnification and Warranty||Amount of claim or judgment.|
|Inventory Purchases||Initially, a minimum of $15,300 per month.|
|GT Records Updates and Repairs||$1,000 annually.|
|Annual Convention Non-Attendance Fee||One night’s lodging and meals.|
The above information has been taken from the FDD of Granite Transformations. Year of FDD: 2015
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