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SUPERGLASS WINDSHIELD REPAIR Franchise ProfileAutomotive Franchises > Auto Repair |
What is the Initial Investment for a Superglass Windshield Repair Franchise?
To start a Superglass Windshield Repair franchise, the initial investment ranges from $37,602 to $112,522. This includes a franchise fee that can vary between $20,000 and $40,000. It’s important to also consider the cash required to launch the business, which falls between $28,652 and $57,922. Having a solid financial foundation is essential, as a net worth of $100,000 to $150,000 is required to qualify for this franchise opportunity.
What are the Ongoing Fees Associated with the Franchise?
Franchisees of Superglass Windshield Repair should be prepared for ongoing fees that include a royalty fee of 6% on gross sales and a marketing fee of 1%. These fees are critical for maintaining brand strength and supporting local advertising efforts. Understanding these costs upfront can help you budget effectively for your franchise operations and ensure long-term profitability.
What Can Franchisees Expect in Terms of Revenue?
Average annual revenue for a Superglass Windshield Repair unit is approximately $401,736, with the highest-performing units generating up to $803,472. Even the lowest annual revenue reported is $50,000, indicating a robust earning potential. This revenue generation is supported by a breakeven time of just 12 months, allowing franchisees to recoup their initial investment relatively quickly.
How Many Units are Currently Operating?
As of 2022, Superglass Windshield Repair has a total of 180 franchised units, showing steady growth from 176 units in 2020. The consistent increase in franchised units over the years reflects the brand’s expanding market presence and the franchise model's appeal to investors. This growth trend can be a positive indicator for potential franchisees looking to join a thriving network.
SUPERGLASS WINDSHIELD REPAIR Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
SUPERGLASS WINDSHIELD REPAIR Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2020 | 2021 | 2022 |
|---|---|---|---|
| Total Units | 176 | 179 | 180 |
| Net Change YoY | 3 | 1 | |
| Franchised Units | 176 | 179 | 180 |
| Net Change YoY | 3 | 1 | |
| Corporate Units | 0 | 0 | 0 |
| Net Change YoY | 0 | 0 |
Investment Overview
The Superglass Windshield Repair franchise offers a low initial investment ranging from $37,602 to $112,522, making it accessible for aspiring entrepreneurs. The franchise fee varies between $20,000 and $40,000, while a cash requirement of $28,652 to $57,922 is necessary to cover initial operational costs. This financial structure is designed to support franchisees in effectively launching their business with manageable startup costs.
Financial Performance
Franchisees can expect average annual revenues of $401,736 per unit, with a range from $50,000 to $803,472. This variability highlights the potential for substantial earnings, depending on location and operational efficiency. The breakeven point is typically reached within 12 months, allowing franchisees to recover their initial investment quickly and start generating profit.
Ongoing Fees
Franchisees are subject to a royalty fee of 6% of gross sales, alongside a 1% marketing fee to support brand promotion and visibility. These fees contribute to the overall success and sustainability of the franchise network, ensuring that franchisees benefit from collective marketing efforts and operational support.
Franchise Growth
The Superglass Windshield Repair franchise has shown consistent growth, with the number of franchised units increasing from 176 in 2020 to 180 in 2022. This steady expansion indicates a strong demand for windshield repair services and the effectiveness of the franchise model in attracting new franchisees.
Operational Support
Franchisees receive comprehensive operational support, including training programs and ongoing assistance in business management. This support is crucial for new franchisees, helping them navigate the complexities of running a successful windshield repair business while maintaining high service standards.
Brand Reputation
Superglass Windshield Repair has built a solid reputation in the windshield repair industry, known for quality service and customer satisfaction. This strong brand recognition not only helps attract customers but also provides franchisees with a competitive edge in the market, making it an appealing opportunity for potential investors.
Frequently Asked Questions
The initial investment for a Superglass Windshield Repair franchise ranges from $37,602 to $112,522, which includes the franchise fee and other startup costs.