Novus Glass Franchise FDD, Profits, Costs & Fees (2024)
NOVUS Glass, a pioneering force in the automotive glass repair industry, was founded in 1972. It has grown to become a leader in windshield repair, leveraging innovative techniques that have garnered numerous patents, setting it apart from competitors.
The company began franchising in 1985, spreading its proven business model across the globe. Today, NOVUS Glass has its headquarters located in St. Paul, Minnesota.
A standout feature of the NOVUS franchise is the comprehensive training and support provided to franchisees. This includes initial training, ongoing marketing support, and innovative products like windshield repair resins and tools, headlamp restoration, and water-repellent treatments.
The franchise offers both mobile and fixed location formats, catering to diverse market needs and allowing franchisees to choose the model that best suits their goals and market conditions.
The mobile franchise model, in particular, offers flexibility with a lower initial investment, while fixed locations provide higher visibility and the ability to service a larger volume of customers.
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Initial Investment
How much does it cost to start a NOVUS Glass franchise? It costs on average between $70,000 – $285,000 to start a NOVUS Glass franchised business.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the location, and whether the franchisee chooses to lease or purchase the property. Indeed, NOVUS Glass offers 2 types of franchises:
| Franchise Type | Initial Investment Range |
|---|---|
| Novus Retail Location | $90,000 to $284,590 |
| Novus Mobile Franchise | $69,500 to $169,390 |
Below, we summarize the main costs associated with opening a franchised Novus retail location. For more information on the costs required to start a NOVUS Glass franchise, refer to the Franchise Disclosure Document (Item 7).
| Type of Expenditure | Amount (Leased Retail Location Franchise) |
|---|---|
| Initial Franchise Fee | $10,500 |
| Initial Training Fee | $14,000 – $14,000 |
| Salaries and Expenses For 2 Persons to Attend Required Training | $3,000 – $9,000 |
| First Month’s Rent | $1,000 – $4,200 |
| Leasehold Improvements/ Redecoration | $2,500 – $40,000 |
| Furniture and Fixtures | $0 – $25,000 |
| Exterior Building Signage | $5,000 – $10,000 |
| Vehicle | $3,800 – $50,000 |
| Vehicle Shipping or Delivery Fee | $0 – $1,700 |
| Equipment Packages | $13,500 – $25,500 |
| Additional Tools and Supplies | $1,000 – $2,500 |
| Inventory and Supplies | $0 – $10,000 |
| Software Package | $3,000 – $3,000 |
| Calibration Package | $0 – $11,990 |
| Franchise Identification Package | $2,700 – $4,200 |
| Initial Marketing Start-up Package | $7,000 – $7,000 |
| Initial Advertising Campaign Expenditures | $0 – $5,000 |
| Insurance Premiums | $6,000 – $10,000 |
| Professional Fees | $0 – $3,000 |
| Security Deposits | $0 – $3,000 |
| Additional Funds (3 Months) | $17,000 – $35,000 |
| Total | $90,000 – $285,000 |
Average Revenue (AUV)
How much revenue can you make with a Novus Glass franchise? A Novus Glass franchised store makes on average $612,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $748,000 yearly revenue for similar automotive franchises. Below are 10 Novus Glass competitors as a comparison:
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Novus Glass Franchise Disclosure Document
Frequently Asked Questions
How many Novus Glass locations are there?
As of the latest data, Novus Glass operates a total of 148 locations. This includes 125 franchise-owned locations and 23 company-owned units.
What is the total investment required to open a Novus Glass franchise?
The total investment required to open a Novus Glass franchise ranges from $70,000 to $285,000.
What are the ongoing fees for a Novus Glass franchise?
The ongoing fees for a Novus Glass franchise include an 8% royalty fee and a 2% marketing fee, both based on gross sales. These fees support franchisee access to branding, operational systems, and national marketing efforts.
What are the financial requirements to become a Novus Glass franchisee?
To become a Novus Glass franchisee, the financial requirements include a minimum net worth of $150,000 and liquid capital of at least $50,000. These financial thresholds ensure that potential franchisees have the necessary resources to cover initial setup costs, operational expenses, and support the business through its early stages of growth.
How much can a Novus Glass franchise owner expect to earn?
The average gross sales for a Novus Glass franchise are approximately $0.61 million per location. Assuming a 15% operating profit margin, $0.61 million yearly revenue can result in $92,000 EBITDA annually.
Who owns Novus Glass?
Novus Glass is owned by Fix Network World, a global leader in the automotive aftermarket services sector. Fix Network World acquired Novus Glass as part of its strategy to expand its portfolio of brands in the automotive repair and maintenance industry.
Disclaimer
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