Three auto glass companies have made Entrepreneurs 38th annual 500 franchises. Those included are considered to be among the strongest, and most poised for growth in the world. According to the company, each company is considered by the same criteria, based on financial data from previous years, and how much growth the company has experienced. Also included is the stability of included companies, financial strength, startup costs, litigation, percentage of terminations, and financing.
Novus Glass came in at No. 85 on the list. The franchise was founded in 1972 and has more than 1,700 franchisees throughout the globe. Approximately 234 of these franchisees are in the US. The franchise investment is between $49,970 – $268,895, with an 8 percent royalty fee. The franchise agreement is 10 years and renewable. The fee for the franchise is between $14,995 – 29,995. Approximately $25,000 is needed in liquid cash to get the location off the ground.
“It is our franchisee’s hard work and commitment to our high standards for quality products and excellent service that has led to the growth and success of our company,” says Rick Christiaanse, chief commercial officer and vice president of operations, TCGI, parent company of Novus Glass. “We are proud of this acknowledgement from Entrepreneur Magazine and will continue to provide an excellent business opportunity to candidates who exemplify the same beliefs and standards that made NOVUS the recognized brand you can trust in the consumer market today.”
Ziebart is ranked at No. 167, which offers automotive glass repair and replacement, along with other services. It was founded in 1959 and has more than 360 locations throughout the world. Approximately 75 locations are based in the US. The investment needed is $227,000 – $450,000. The agreement is for 10 years and renewable, with a $30,000 franchise fee and a 5 to 8 percent royalty fee. Approximately $100,000 in liquid cash is needed.
Glass Doctor made the list at No. 244. The franchise, founded in 1962, is listed as having approximately 164 locations in the US. Total investment for franchisees is $111,800 – $281,000 with a franchise fee of $35,000 and a renewable 10-year agreement. The royalty fee is 5 to 7 percent. Financial requirements for liquid cash is $100,000.