Superglass Windshield Repair
SuperGlass Windshield Repair offers mobile windshield repair services, including light cover refurbishment and glass scratch repair, saving customers money compared to replacements. Known for quick, on-site service, this franchise operates in the automotive glass repair industry.
Superglass Windshield Repair franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin operation ranges from $37,602 to $112,522. This includes between $28,652 and $57,922 that must be paid to the franchisor or its affiliate [p.1].
What is the initial franchise fee?
The initial franchise fee is fully earned and non-refundable upon execution of the Franchise Agreement, in consideration for administrative expenses and lost or deferred opportunities. It is uniform across all franchisees and equals fifty percent (50%) of the then-current initial franchise fee for new franchises of the size so franchised [p.51]. This payment is deferred until after the franchisee has received all pre-opening training obligations and is open for business [p.184, p.129, p.118].
What are the ongoing royalty and advertising fees?
The franchisee must pay a monthly royalty equal to six percent (6%) of their monthly Gross Revenues, due on the tenth day of each calendar month starting from the first month following the unit opening [p.55]. For advertising and promotional activities, the franchisee may place local advertising in any media they desire as long as it conforms to Franchisor's standards and requirements, but they cannot advertise the franchise in connection with any other business without prior written consent [p.65].
How long is the initial franchise agreement, and can I renew it?
The initial franchise agreement does not specify an exact term length. However, upon expiration of the initial term, you have the right to renew the agreement for one additional ten-year term, subject to certain conditions [p.50].
Can I sell or transfer my franchise, and what does that require?
According to [p.79], you can sell or transfer your franchise interest only if it is in conjunction with a sale of the remaining franchise rights and obligations under this Franchise Agreement. If a third party makes a bona fide offer, you must first offer to sell the franchise to the franchisor on the same terms. The franchisor has 30 days to decide whether to purchase; if not, you can proceed with selling to the third party within 90 days under certain conditions.
On what grounds can the franchisor terminate the agreement?
The franchisor may terminate the agreement on any grounds available by law [p.178]. However, under Virginia Retail Franchising Act (Section 13.1-564), it is unlawful for a franchisor to cancel a franchise agreement without reasonable cause, and certain termination provisions might not be enforceable if they do not meet the definition of 'reasonable cause' as defined by law [p.181].
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts.
Do I get an exclusive or protected territory?
You receive a protected territory but not an exclusive one. You may face competition from other franchisees, outlets owned by the company, or competitive brands controlled by them [p.28].
What training and ongoing support does the franchisor provide?
The franchisor provides initial pre-opening and post-opening training as well as ongoing management and technical training. Initial training includes seminars, additional training, and other support offered by the franchisor at least once a year [p.54]. Post-opening training consists of a five-day assistance program conducted in the franchisee's territory after the franchisee completes preopening training and starts operations [p.51-54]. Additionally, the franchisor may require experienced franchisees to attend refresher training programs at their expense [p.54].
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts.
Does the franchisor share any financial performance or earnings information?
The franchisor may provide actual records of an existing outlet if you are purchasing one. However, they do not make any representations about a franchisee's future financial performance or past financial performance of company-owned or franchised outlets [p.36]. If you receive other financial performance information or projections, you should report it to the franchisor’s management and relevant regulatory agencies [p.36].
What am I restricted to selling, and where must I buy supplies?
You are restricted to selling products and services as required by the franchisor, and you may not sell competing products or open another business without express written authorization [p.33]. You must purchase certain products or services from approved suppliers prior to and after opening the franchise [p.20], and all equipment, supplies, and inventory used in operation must conform to the franchisor's specifications and quality standards [p.59].