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Novus Glass franchise financing options
Compare costs, fees and where to get financing for a Novus Glass.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Novus Glass franchise may result in higher or lower fees.
Franchise feesNovus Glass franchise fees total around $10,500, which beats out the $37,000 average for the 200 largest franchises nationwide.
|Initial franchise fee||$10,500 to $10,500|
|Royalty fees||6% of gross revenues from all products and services franchisees sell in their business, or the minimum monthly royalty fees, whichever is greater.|
|Branding noncompliance fee||Up to $500 per month.|
|TAG network fees||Franchisees must use any claims referral services the franchisor designates. The franchisor currently requires franchisees use the TAG Network, operated by an affiliate of the franchisor. There is an initial fee of $300 franchisees will pay when they start receiving referrals from the TAG Network. There are additional fees for referrals. The current maximum fees are $15 referral fee for booked windshield repair jobs and $25 referral fee on booked glass replacement jobs.|
|Estimated total||$10,500 to $10,500|
Equipment feesEquipment fees total $67,745 for Novus Glass. This is less than the $180,023 average for the top 200 franchises.
|Furniture and fixtures||$0 to $25,000|
|Equipment packages||$10,000 to $23,500|
|Exterior building signage||$5,000 to $10,000|
|Vehicle||$0 to $50,000|
|Calibration package||$0 to $11,990|
|Estimated total||$15,000 to $120,490|
Real estate feesReal estate will set you back $25,350 for Novus Glass, thought it's less than the average of $788,376 for the top 200 franchises.
|First month's rent||$1,000 to $4,200|
|Leasehold improvements and redecoration||$2,500 to $40,000|
|Security deposits||$0 to $3,000|
|Estimated total||$3,500 to $47,200|
Training feesNovus Glass initial training costs total $20,000 — more than the nationwide average of $9,788.
|Initial training fee||$14,000 to $14,000|
|Salaries and expenses for two people to attend required training||$3,000 to $9,000|
|Other training||$0 - $5,000|
|Estimated total||$17,000 to $23,000|
Inventory costsInitial inventory for Novus Glass shakes out to $2,500. This is less than the nationwide average of $53,119.
|Inventory and supplies||$0 to $5,000|
|Estimated total||$0 to $5,000|
Marketing costsAdvertisement and marketing costs total up to $5,500 for Novus Glass, beating out the nationwide average of $9,938.
|Franchise identification package||$3,000 to $3,000|
|Initial advertising campaign expenditures||$0 to $5,000|
|Marketing contributions||2% of gross revenues from all products and services franchisees sell in their business.|
|Local advertising||A minimum of 4% of gross revenues.|
|Estimated total||$3,000 to $8,000|
Insurance costsInitial insurance costs for Novus Glass run $3,750. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance premiums||$2,500 to $5,000|
|Estimated total||$2,500 to $5,000|
Administrative feesNovus Glass administrative fees total up to $1,500 — which comes in under the overall nationwide average of $6,761.
|Software package||$1,500 to $1,500|
|Website fees||There is no regular maintenance fee but franchisees must pay the programming costs for custom changes to their web page.|
|Reimbursement of audit costs||Dependent upon the costs to the franchisor in conducting an audit of the franchisee's business records.|
|Electronic data interchange||Up to $2 per transaction.|
|Estimated total||$1,500 to $1,500|
Other expensesMiscellaneous expenses for Novus Glass total $10,000 — less than the nationwide average of $69,970.
|Professional fees||$0 to $3,000|
|Three months' additional funds||$5,000 to $12,000|
|Estimated total||$5,000 to $15,000|
How to financeSince the estimated total for Novus Glass is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Novus Glass franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Novus Glass about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $146,845 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?You have several options when it comes to financing a Novus Glass — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Novus Glass opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lendersYou may not need financing to cover the estimated $58,000. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Novus Glass stacks upCompare how Novus Glass holds up against two similarly sized franchises.
|Naturhouse||Novus Glass||Groupe Auchan Franchise Information|
|Average Franchise fees||NA||$10,500||NA|
|Average Equipment fees||NA||$67,745||NA|
|Average Real estate fees||NA||$25,350||NA|
|Average Training fees||NA||$20,000||NA|
|Average Inventory fees||NA||$2,500||NA|
|Average Marketing fees||NA||$5,500||NA|
|Average Licenses and permits fees||NA||NA||NA|
|Average Insurance fees||NA||$3,750||NA|
|Average Admin fees||NA||$1,500||NA|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||NA||$10,000||NA|
Bottom lineNovus Glass franchise costs run a total of $146,845. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.
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