AN HONEST LOOK AT THE GLASS GURU
The intent of this page is to provide an honest look at the numbers behind The Glass Guru. While we’re pretty proud of the numbers we’re sharing here, understand that a much more complete version of the company’s financial information is included in our FRANCHISE DISCLOSURE DOCUMENT (also known as the FDD.) You can get a copy of The Glass Guru FDD by contacting us using the Franchise Inquiry Form.
KEY FRANCHISE TERMS
Here’s an outline the initial franchise terms including the length of the franchise agreement, renewal options, royalties, and fees.
| INITIAL TERM | 5 YEARS |
| RENEWAL OPTIONS [2] | THREE (3) 5-YEAR RENEWALS |
| ROYALTIES [3] | 5% |
| MARKETING FEE [4] | 3% |
| TECH FEE [5] | 1% |
- See section 4.1 of The Franchise Agreement (Exhibit A to the Franchise Disclosure Document)
- See section 4.2 of The Franchise Agreement (Exhibit A to the Franchise Disclosure Document)
- See section 3.3 of The Franchise Agreement (Exhibit A to the Franchise Disclosure Document)
- See section 3.4 of The Franchise Agreement (Exhibit A to the Franchise Disclosure Document)
- See Item 6 of The Franchise Disclosure Document
FINANCIAL REQUIREMENTS
There are a lot of variables that determine the initial capital required to start a franchise with The Glass Guru. Below is the anticipated range for the initial investment.
| MINIMUM LIQUID CAPITAL |
| $73,555 - $172,030 [1] |
- See Item 7 of the current Franchise Disclosure Document (FDD)
FRANCHISE FEE
The Glass Guru initial franchise fee is based on territory population. Our minimum initial franchise fee is $19,450 for a territory with a population of up to 200K. The franchise fee for a territory with 750K in population would come with the maximum franchise fee of $42,250. The table below shows example territory populations and the corresponding franchise fee.
| POPULATION | $ PER 1K POPULATION | FRANCHISE FEE |
| 200,000 | MIN. FEE | $19,450 |
| 250,000 | $84.86 | $21,215 |
| 350,000 | $80.00 | $28,000 |
| 450,000 | $75.00 | $33,750 |
| 550,000 | $70.00 | $38,500 |
| 650,000 | $65.00 | $42,250 |
| >=750,000 | $60.00 | $45,000 |
- *See Item 5 of the current Franchise Disclosure Document (FDD)
STARTUP COSTS
The size of the franchised territory, applicable franchise fee, location staffing, and a number of other factors determine the initial startup costs for a franchise location. The table below outlines the anticipated range of investment for each applicable portion of the startup costs.
| Names of Expenditures | Actual or Estimated Amounts for You | Method of Payment | When Due | To Whom |
| Franchise Fee | $19,500 - $45,000 | Cashier’s Check / Installments | Upon Signing Franchise Agreement | Us |
| Real Estate/Rent | $3,500 - $8,000 | As Arranged | Before Beginning Operations | Lessor |
| Utility Deposits | $0 - $500 | As Arranged | Before Beginning Operations | Utilities |
| Leasehold Improvements | $500 - $2,000 | As Arranged | Before Beginning Operations | Third Parties |
| Insurance | $500 - $1,500 | As Arranged | Before Beginning Operations | Third Parties |
| Office Equipment and Supplies | $1,500 - $5,000 | As Arranged | Before Beginning Operations | Third Parties |
| Initial Glass Guru Tool Kit | $1,000 - $1,000 | As Arranged | Before Beginning Operations | Us |
| Training | $1,500 - $2,500 | As Arranged | Before Beginning Operations | Third Parties |
| Signage | $2,500 - $4,000 | As Arranged | Before Beginning Operations | Third Parties |
| Furniture, Fixtures & Equipment | $500 - $3,500 | As Arranged | Before Beginning Operations | Third Parties |
| Computer Equipment | $1,250 - $4,800 | As Arranged | Before Beginning Operations | Third Parties |
| Software Systems | $250 - $1,000 | As Arranged | Before Beginning Operations | Us |
| Phone System | $1,505 - $2,730 | As Arranged | Before Beginning Operations | Third Parties |
| Vehicles | $2500 - $10,000 | As Arranged | Before Beginning Operations | Third Parties |
| Vehicle requirements | $15,000 - $40,000 | As Arranged | Before Beginning Operations | Third Parties |
| Grand Opening / Direct Advertising | $5,000 - $10,000 | As Arranged | Before Beginning Operations | Third Parties |
| Licenses & Permits | $2,000- $4,000 | As Arranged | Before Beginning Operations | Licensing Authority |
| Legal & Accounting | $2,500 - $5,000 | As Arranged | First 3 Months of Operation, and As Necessary | Attorney, Accountant |
| Additional Funds/ (3 months) Working Capital | $15,000 - $30,000 | As Arranged | As Necessary | You Determine |
| $73,555 - $172,030 |
- *See Item 7 of the current Franchise Disclosure Document (FDD) for further clarity on the anticipated startup costs for a franchised location.
GROSS SALES
Here are some healthy numbers from The Glass Guru franchise network for last calendar year. These figures are meant to be an overview, and further clarity on these numbers and more can be found by reviewing our current Franchise Disclosure Document (FDD).
- *See Item 19 of the current Franchise Disclosure Document (FDD).
ANNUAL GROWTH
Since our inception, The Glass Guru has had phenomenal growth. Take a look at the following snapshot of the growth in gross sales our franchise locations saw in 2019 vs 2018:
- *See Item 19 of the current Franchise Disclosure Document (FDD).
MARKET OUTLOOK
The Glass Guru is uniquely positioned in a category that has traditionally shown economic resilience over the years. That’s the home services category. The Glass Guru is a services company, a home improvement company, and a restoration business, all rolled into one. Here are some promising economic indicators that all point to The Glass Guru being a wise choice for savvy entrepreneurs looking for a great long-term business opportunity.
- 2018 spending on glass & glazing was $13.9 billion, with 2019 increasing to $15.2 billion. (+9.3%)
- The glass & glazing spending has grown at an average of +11% annually since 2012.
- Homeowners are estimated to have spent $328 billion in remodeling expenditures in 2019 and are projected to spend $330 billion in 2020.
- Demand for for residential windows and doors is expected to continue to rise at an average of 4.8% annually
- 2021 demand for doors and windows expected to be $34.3 billion.
- Total housing starts are expected to hit 1.3 million units in 2020, up more than 2% from last year. Single-family starts are forecast to increase more than 3% from 2019 to about 920,000 units.
- 2019 Premium Report on Glass & Glazing Contractors Copyright © 2019 AnythingResearch
- Harvard University Joint Center for Housing Studies
- Freedonia Group – Windows & Doors – Demand and Sales Forecasts, Market Share, Market Size, Market Leaders
- Leading Indicator of Remodeling Activity (LIRA)
- Remodeling Magazine
- Door and Window Market Magazine
- US Glass News
