Gatsby Glass Franchise FDD, Profits, Costs & Fees (2024)
Gatsby Glass is a premier glass solutions franchise specializing in custom installations for residential and commercial properties.
Founded in 1985 in Omaha, Nebraska, the company has built a reputation for prompt service, excellent customer experience, and quality installations using top-tier products. In 2022, Gatsby Glass began offering franchise opportunities, allowing entrepreneurs to join its expanding network.
The franchise offers a comprehensive range of services, including frameless glass showers, custom mirrors, glass railings, walls, partitions, and commercial glass solutions.
A key differentiator is Gatsby Glass’s use of advanced 3D technology and an innovative sales process, enabling clients to visualize their projects through virtual showrooms and CAD imaging. To date, Gatsby Glass operates 28 units across the United States and continues to seek franchise partners nationwide.
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Initial Investment
How much does it cost to start a Gatsby Glass franchise? It costs on average between $198,000 – $251,000 to start a Gatsby Glass franchised shop.
This includes costs for construction, equipment, materials, and initial operating expenses. The exact amount depends on various factors, including the type of glass installations offered, the location of the business, and whether the franchisee chooses to lease or purchase a facility.
| Type of Expenditure | Amount |
|---|---|
| Initial Fee | $59,500 |
| Insurance (90 days) | $3,000 – $5,000 |
| Tuition Fee | $4,995 |
| Travel and Living Expenses while Training | $1,500 – $3,500 |
| Opening Package | $10,000 – $11,500 |
| Initial Inventory Package | $3,500 – $5,500 |
| Rent & Utilities (90 days) | $5,700 – $13,500 |
| Vehicles | $32,600 – $37,300 |
| Licenses Certificates and Permits | $0 – $2,500 |
| Professional Fees | $0 – $5,000 |
| Technology Fee | $2,375 |
| Call Center Fee | $1,125 – $3,225 |
| Dues and Subscriptions | $800 – $1,700 |
| Leasehold Improvements | $0 – $2,500 |
| Brand Marketing Fee | $15,000 |
| Initial Marketing Expenditure and Local Advertising Expenditure (90 days) | $20,000 |
| Digital Management Fee | $3,000 |
| Accounting Services Fee | $2,109 |
| ZeePartnerships Fee | $3,000 |
| Additional Funds | $30,000 – $50,000 |
| Total | $198,204 – $251,204 |
Average Revenue (AUV)
How much revenue can you make with a Gatsby Glass franchise? A Gatsby Glass franchised shop makes on average $278,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $626,000 yearly revenue for similar windows/doors franchises.
Below are a few competitors in comparison:
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Franchise Disclosure Document
Frequently Asked Questions
How many Gatsby Glass locations are there?
As of the latest data, Gatsby Glass operates 28 locations across the United States. This includes both company-owned and franchise-owned units. The company continues to expand its presence nationwide, offering franchise opportunities to interested entrepreneurs.
What is the total investment required to open a Gatsby Glass franchise?
The total investment required to open a Gatsby Glass franchise ranges from $198,000 to $251,000.
What are the ongoing fees for a Gatsby Glass franchise?
Gatsby Glass franchisees are required to pay a royalty fee of 8.5% of their gross revenues collected. Additionally, there is a marketing fee, often referred to as the Creative Media Fund Fee, which amounts to $6,500. These fees contribute to the continuous support, marketing initiatives, and brand development provided by Gatsby Glass to its franchise network.
What are the financial requirements to become a Gatsby Glass franchisee?
To become a Gatsby Glass franchisee, you need a minimum net worth of $500,000 and at least $100,000 in liquid capital. These financial requirements ensure that franchisees have the necessary resources to establish and operate their business effectively, covering initial investments and sustaining operations during the startup phase.
How much can a Gatsby Glass franchise owner expect to earn?
The average gross sales for a Gatsby Glass franchise are approximately $0.28 million per location. Assuming a 15% operating profit margin, $0.28 million yearly revenue can result in $42,000 EBITDA annually.
Who owns Gatsby Glass?
Gatsby Glass is owned by HorsePower Brands, a parent organization that manages multiple home service franchises. Individual Gatsby Glass locations are owned and operated by franchisees, each managing their respective territories.
Disclaimer
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