SHELFGENIE Franchise Startup Cost, Profit & Opportunities
If you are thinking of starting a ShelfGenie franchise but you want to do a little research before you take action, it is advisable for every entrepreneur. This post contains every information you need to know about ShelfGenie franchise system.
From the history, startup cost, franchise and ongoing fees, to how to start a ShelfGenie franchise is what I shared on this post. So, sit back and study everything you need to know about ShelfGenie franchise system so you don’t make a decision blindly.
About ShelfGenie Franchise System
ShelfGenie is a home improvement franchise based in Atlanta, Georgia. It was founded in the year 2000 and started franchising 2008. The company provides glide-out shelving solutions to clients nationwide.
ShelfGenie franchise customizes and designs glide-out shelves for kitchen cabinets, garages, pantry, bathrooms, and offices. ShelfGenie franchise has helped remodel millions of cabinets for residential and corporate uses.
ShelfGenie franchise has been listed by INC magazine as one of America fastest growing companies and Entrepreneur magazine also ranked them among the top 250 franchise system in 2015.
With more than 160 franchise locations operating in 29 states in Columbia and Canada, ShelfGenie has been providing affordable, high impact shelves tailored for consumer’s need, taste and lifestyle.
ShelfGenie franchise is known as a low entry-cost business franchise for entrepreneurs that can combine passion with a greater purpose. Here are just few reasons why you should start a ShelfGenie franchise:
- You will be putting smile on people’s face while building security and equity for your future.
- With ShelfGenie dedicated team, you get complete support and resources needed to manage the business to success.
- You get access to state of the art tools and technologies right from your desktop computer.
- Continuity of income. Clients that upgrade one storage space or purchase one of your products and liked it tend to come back for more without you reaching out to them.
ShelfGenie Franchise Financial Requirements
Owing a ShelfGenie franchise can be a profitable business for you if you are a serious about the business. The financial requirement needed to start a ShelfGenie franchise is between $70,100 – $125,250. The initial franchise fee is $45,000. Having this grant you license to run a business under ShelfGenie franchise.
Liquid capital requirement is $75,000. The franchisee must have a net worth of $150,000.
ShelfGenie Franchise Ongoing Fees
There is an ongoing royalty fee of 5% and an advertising fee of up to 2%.
ShelfGenie Franchise Financing Options
ShelfGenie franchise do not offer direct financing for franchisees. They have an in-house financing party that provide finance which help cover franchisee’s franchise fee, startup costs, payroll and inventory.
ShelfGenie Franchise Term of Agreement
The term of agreement for ShelfGenie franchise last for every 5 years. This means franchisees will have to renew their franchise agreement every 5 years.
ShelfGenie franchise offers 15% off franchise fee to veteran and 25% to veteran with disabilities.
ShelfGenie Franchise Membership Training, Requirements and Support
Once you have decided to become a franchisee with ShelfGenie franchise, you are given end-to-end support that will help eliminate any obstacles faced by entrepreneur at the start of any business.
After acceptance, you will go through 8 days of training at the headquarter. After which, you will still undergo another 3 days of onsite training session. The training program gives you access to exclusive software, products, and operational tools.
You will be trained with an operational manual on how to design and install their custom storage solutions for clients. You are also given the chance to outsource the job to contract workers as your business scale up so you can have more time to find more client and meet satisfaction.
Apart from physical training and support, there is also an ongoing support which comes via newsletter, field operation evaluation, regional and national meetings and a toll-free call in case you need assistance.
Ideal Candidate for ShelfGenie Franchise
Franchisees that fit into ShelfGenie franchise business model are those that:
- Have good sales background.
- Can meet the financial requirement of $70,100-$125,500.
- Have good leadership skills to manage employees.
- Who have good customer services and management skills.
How Much Can a ShelfGenie Franchise Owner Makes
Due to the booming demand for home storage solutions and ShelfGenie is a remodeling franchise popularly known for providing home storage and improvement solution at a cheap or moderate rate, there is always opportunities for franchisees to generate income.
Notwithstanding, how much you make depend on some factors including the location of store and size, the quality of service you give to customers, your experience in running a business and how many sales you make.
How to Open ShelfGenie Franchise System?
Does owning a ShelfGenie franchise sound like the right business opportunity for you? If the information above satisfy your interest, you can kindly visit their website www.shelfgeniefranchise.com and at the top right side on the website, you will see “FRANCHISE APPLICATION”. Click on it and you will be sent to a form where you will ask to fill in your details. They can also be reach via (877) 814-3643