Kiplinger recently named six “Low-Cost Franchises with Great Growth Potential” and reaching the top of the list is Novus Glass.
“Thinking of starting your own business?” asks Gillian B. White, a writer for Kiplinger. “Opening a franchise of an established and successful service business can be a good way to navigate the many challenges of entrepreneurship.”
The first franchise on the site’s list is Novus Glass, with five-year growth of 31 percent from 2008 to 2013. The franchise fee cited was $34,070 and covers marketing costs. The firm also charges continuing 8 percent royalty fees, and franchisees to want to run a mobile business are required to buy a van, according to Kiplinger.
“Total initial investment in a franchise tops $44,000,” according to Kiplinger.
“Cracks and chips in car windshields happen a lot. This Savage, Minn.-based operation trains franchisees in the art of replacing and repairing one of the most critical parts of a car. Franchisees receive hands-on training in automotive glass replacement, business management, advertising and marketing,” White writes.
“Franchisees have the option of running the business from a bricks-and-mortar location or solely as a mobile business—going to the customer to fix the windshield,” she continues. “Existing automotive shops can also diversify their business by adding windshield repair services via the Novus Affiliate License program.”