BUDGET BLINDS Franchise Startup Cost, Profit Margin, Revenue and Locations
Irrespective of how bad the economy is, home owners will always want to spruce up their homes with beautiful blinds. This has made the blinds business an ever lucrative one across the United States. And it is considered one of the best franchise opportunities, especially when you are dealing with the best players in the industry. That brings us to the question how much is a Budget Blinds Franchise?
ABOUT THE COMPANY
In the year 1992, five outstanding young entrepreneurs came together to establish Budget Blinds. These entrepreneurs had been working for a window-covering firm in California when they had to leave after the company changed ownership.
Now empowered with the experience they gathered at their previous work place, they started their own business and it became an instant success that they had to start franchising just two years after.
At Budget Blinds, customers are offered free home consultations. The staff of the company will do a home visit, take measurements and give appropriate quotations. The company also offers on sale a wide variety of branded window coverings and they also help with installation at their customers’ homes.
IS BUDGET BLINDS A FRANCHISE?
Budget Blinds is a franchise and they have been selling franchise opportunities since 1994. They have a high performing franchise model and have proven success records to show for their years of experience.
THE BUDGET BLINDS FRANCHISE OFFER
If you are so passionate about buying into a franchise opportunity that offers you so much more than what you input, then you can consider Budget Blinds Franchise. The company offers every franchisee the opportunity to run their window-covering and home decorating business at their own convenience, while trading under the Budget Blinds brand name.
Budget Blinds is committed to providing all their franchisees with the best quality products, training and the adequate supports that they will need to successfully run their own franchise. Franchisees can capitalize on the national recognition the brand has, numerous vendors and the marketing strength of the company to achieve their goals and dream of running a franchise business that is specifically designed for them.
WHO QUALIFIES FOR A BUDGET BLINDS FRANCHISE?
For you to be qualified as a franchisee with Budget Blinds, you need to be an individual with the passion to meet with people and also enjoys the freedom you get running a low-cost franchise coupled with the brand recognition of Budget Blinds.
WHY BUY A BUDGET BLINDS FRANCHISE OPPORTUNITY?
We all understand that home owners always take pride in the beauty and splendor in their homes. It is the goal of Budget Blinds to help home owners achieve their dream through the installation of beautiful window coverings. From experience, home owner are totally satisfied with the services the company offers and this is an advantage for you as a franchisee.
With the company’s Inspired Collections, which is another branch of the company that is involved in the making of drapes and shades, you can earn an additional source of income through the sales of these products
HOW MUCH DOES A BUDGET BLINDS FRANCHISE COST?
As it is with most other franchises, you will definitely incur some cost buying into a Budget Blinds Franchise. The cost of Budget Blinds Franchise will be the summation of the total investments needed for the business and also the cash requirements that the company expects every franchisee to possess.
The total investment needed for a Budget blinds Franchise is between $105,000 to $225,000. Every franchisee will also be expected to have a net-worth of about $95,000 and then a liquid cash requirement of non-borrowed money to the tune of $60,000
BUDGET BLINDS FRANCHISE FEE
The Budget Blinds Franchise fee is that payment you make to the company to give you the license to operate with their brand name. The initial franchise fee is non-refundable and will be in the tune of $19,500. Also payable is an on-going royalty fee of about $300 to $1,500 on a monthly basis as well as a varying ad royalty fee.
BUDGET BLINDS FRANCHISE TRAINING
The Budget Blinds Franchise trainings are key to the progress of your franchise business and mandatory for every new franchisee of the company. The training starts with a 2-week intensive training session which will include:
- Local area marketing
- Office set-up
- Product knowledge
- And overcoming sales objection.
DOES BUDGET BLINDS FRANCHISE OFFER FINANCING?
Budget Blinds Franchise offers financing to their franchise to cover for the initial franchise fee only. However if a franchisee needs additional funding to startup the franchise unit, the company does offer linkages with 3rd party lending firms that will assist with funding to cover for the other costs that will be incurred in the establishment of the franchise unit.
AGREEMENT AND RENEWAL
The length of period that the franchisee will hold the license to operate with the company’s brand name is 10 years. However an additional extension of 10 years could be granted if the franchisee so wishes or if they are able to meet up with the company’s requirements for renewal.
HOW TO BUY A BUDGET BLINDS FRANCHISE
After getting all the information you need on the requirements to establish a Budget Blinds Franchise, what you need to do next is to forward your application to the website and if that is approved, the franchise manager will get back to you for further evaluations and then also assist you to set up your franchise unit.
Is Budget Blinds a franchise? How much does a Budget Blinds franchise cost? Do you need information on Budget Blinds franchise cost and requirements to open one?
The budget blinds franchise is a franchise opportunity that specializes in the provision of services that include the sale and installation of window film, rugs, window coverings (some of which include wood blinds, mini blinds, draperies and cellular shades among others) and other related accessories services to clients.
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All Budget Blinds franchisees carry out such services using vans bearing signs recommended by the franchisor. The budget blinds franchise offers attractive business opportunities for franchise candidates interested in this sector.
Founded by a group of 5 entrepreneurs by name David Lewis, Chad Hallock, Brent Hallock, Tony Forbes and Todd Jackson, the Budget Blinds franchise was incorporated in 1992. With Shirin Behzadi as its current CEO, the Budget Blinds franchise opened its franchising arm for business two years after it was founded.
Its corporate Headquarters is located at Orange, California, and is a subsidiary of the Home Franchise Concepts.
The Benefits of Owning a Budget Blinds Franchise
There are immense benefits accruing to the Budget Blinds franchisee. These are in the form of owning a well renowned and established brand with national coverage. Also, the Budget Blinds franchise has an extensive marketing structure that ensures that all its franchisees benefit from this strength.
Franchisees are assured of increase in patronage from clients who have been impressed by the track records of excellence set by the Budget Blinds franchise.
All Budget Blinds franchisees also benefit from a protected territory that ensures that increases their likelihood for success. These territories allow franchisees certain business rights, and eliminate undue competition from other Budget Blinds franchisees.
Being a franchise owner of the largest window covering franchise in America is itself reassuring, as years of service excellence that has led to its leadership position in the industry is unveiled to the franchisee, allowing for duplication.
Budget Blinds Franchise Startup Costs
Owning a Budget Blinds franchise comes with certain startup costs to the franchisee. These startup costs are a requirement for ownership of this franchise opportunity. The Budget Blinds startup costs include an Initial Investment sum starting from $105,140 to $225,870. Others are a net-worth requirement of $95,000 and a Liquid Cash requirement of $60,000.
Budget Blinds Franchise Fee
The Budget Blinds franchise requires that interested franchisees meet its franchise fee requirements to qualify for ownership. The franchise fee charged by the Budget Blinds franchise starts from $19,950.
However, there are financing options which the franchisor provides. To benefit from its financing option, franchisees have to qualify for financing under the franchisor’s set terms.
The financing options available include an in-house financing arrangement that covers the franchise fee. Also, under the franchisor’s veteran incentives program, veterans benefit from a discount of $15,000 off the franchise fee. This is the franchisor’s way of appreciating the veterans for their selfless service to their nation.
Budget Blinds Franchise Ongoing Costs
There are associated ongoing costs that must be incurred by all Budget Blinds franchisees. These are in the form of an Ongoing Royalty fee starting from $300 to $1,500/month, and an Advert Royalty fee which is not fixed.
The ongoing cost incurred by franchisees varies according to the size of the franchise. Larger sized franchises attract higher ongoing costs than the smaller sized franchises.
Budget Blinds Franchise Training and Support
The Budget Blinds franchise offers a compulsory training program to its new franchisees. For its existing franchisees, the training program is optional, and in the form of conferences organized to update the knowledge and skills of its franchisees.
Also, it is aimed at exposing them to the newest trends in the industry, including new innovations which they can immensely benefit from.
For new franchisees, the training program lasts a period of 10 days, and is held at the franchisor’s corporate headquarters. A comprehensive support system is also provided by the franchisor, and includes both ongoing and marketing support.
These are aimed at guiding its franchisees to success throughout the duration of the contract. This results in a win-win situation for both franchisee and franchisor.
Ongoing support covers the following areas; the provision of internet services, field support, a toll-free line, and newsletter publications in addition to meetings. Others include the provision of security, and a grand opening ceremony.
Marketing support covers the use of national and region media for advertisement, plus cooperative advertising and ad-slicks.
Budget Blinds Franchise Application and Terms of Agreement
The Budget Blinds Franchise has a franchise term agreement of 10 years. After the term has elapsed, a term renewal is granted only if the franchisee meets the franchisor’s renewal conditions. The term renewal lasts an added 10 years.
How to Start a Budget Blinds Franchise?
For franchise candidates interested in owning a Budget Blinds franchise opportunity, the application process involves visiting the franchisor’s website on http://www.budget-blinds-franchise.com/ on the website; there are detailed step-by-step application procedures to be followed.
This involves going through the details provided on starting a Budget Blinds franchise. A video is provided to further explain the benefits and advantages of starting this opportunity.
Click on the “Are you the right fit? Start now” button. This redirects you to the application page proper where you have to fill an online application form. This form is scrutinized by the franchisor to determine the eligibility of the applicant. Successful applicants are contacted for further investment discussions.
This article has focused on the Budget Blinds franchise, providing the much needed investment information required by interested franchise candidates. With the information provided, it is believed that the franchisee is well guided on making informed investment decisions.