Novus Glass franchise financing options

Overall costs for Novus Glass run anywhere from $58,000 to $235,690. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2022 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 fees

Novus Glass franchise fees total around $10,500, which beats out the $37,000 average for the 200 largest franchises nationwide.

Franchise	Cost
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 fees

Equipment fees total $67,745 for Novus Glass. This is less than the $180,023 average for the top 200 franchises.

Equipment	Cost
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 fees

Real 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.

Real estate	Cost
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 fees

Novus Glass initial training costs total $20,000 — more than the nationwide average of $9,788.

Training	Cost
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 costs

Initial inventory for Novus Glass shakes out to $2,500. This is less than the nationwide average of $53,119.

Inventory	Cost
Inventory and supplies	$0 to $5,000
Estimated total	$0 to $5,000

Marketing costs

Advertisement and marketing costs total up to $5,500 for Novus Glass, beating out the nationwide average of $9,938.

Marketing	Cost
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 costs

Initial insurance costs for Novus Glass run $3,750. This means you'll be paying less than the overall nationwide average of $6,311.

Insurance	Cost
Insurance premiums	$2,500 to $5,000
Estimated total	$2,500 to $5,000

Administrative fees

Novus Glass administrative fees total up to $1,500 — which comes in under the overall nationwide average of $6,761.

Admin	Cost
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 expenses

Miscellaneous expenses for Novus Glass total $10,000 — less than the nationwide average of $69,970.

Other	Cost
Professional fees	$0 to $3,000
Three months' additional funds	$5,000 to $12,000
Estimated total	$5,000 to $15,000

All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2022.

How to finance

Since the estimated total for Novus Glass is on the more costly side, we recommend following these steps to get fully financed:

1. Go to the Novus Glass franchising website and review its financial requirements, including cash-on-hand requirements.
2. Reach out to Novus Glass about in-house financing for franchisees.
3. 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.
4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
5. Once you settle on a lender, gather all required documents, including account statements and assets.
6. 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.

Also check if Novus Glass franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You 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.

How Novus Glass stacks up

Compare 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 line

Novus 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.