Becoming a Budget Blinds franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success. Given the correct market conditions, skills and dedication, being a Budget Blinds franchisee might be financially rewarding.
Full Answer
What is budget blinds?
What is the franchise fee?
How long is a franchise agreement?
Do franchisors have in-house financing?
About this website
How much can you make from a blinds business?
Our profit margins range from 40 to 60% from gross sales. (Average gross sales 25 – 50,000.00 or more per month.) NO monthly fees or royalty. Low overhead conducting business from your home.
How much money franchise owners make?
When researchers accounted for the inflations caused by the few top franchises, it was established that the average annual income of 51 percent of franchisees is less than 50,000 dollars. The study also found that only 7 percent of franchise owners earn over 250,000 dollars a year.
What is the margin on blinds?
The gross margins for your window shutters and blinds business are typically around 40%, which is considerably high and allows you to grow your business and manage costs easily. The average time it takes to build your product is quick - typically around 7 months.
How much did Budget Blinds sell for?
When they finally decided to sell the company, it sold for $500 million.
How often do franchises fail?
A five-year study by the franchise consulting firm FranNet reported that 92 percent of their franchise placements were still in business after two years and 85 percent after five years. Because yes, sometimes franchise businesses can rise and fall like independently owned companies.
What is the most profitable franchise to own in 2022?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How do I start a blind business?
How to start a Blinds BusinessSTEP 1: Research the Market. Before you start your business, take the opportunity to stake out the competition. ... STEP 2: Get Materials. Research blind manufacturers and purchase wholesale blinds online. ... STEP 3: Create a Digital Presence. ... STEP 4: Market Your Business. ... STEP 5: Set Up Appointments.
How much does it cost to get blinds for a whole house?
Cost to Install Blinds for a Whole House The average cost of blinds for a house is $700, which includes four hours of labor at around $35 to $100 per hour. The materials cost about $80 each, with around eight blinds required. If needed, removal of the old coverings is about $100 to $200, with the disposal fee included.
Are custom blinds worth it?
While it may seem difficult to choose the right colors, designs, and window treatments for your home, our experts will make great recommendations that fit your lifestyle and family situation. Based on our analysis, we believe that custom blinds are almost always worth the investment.
Who is the CEO of Budget Blinds?
H. Scott Barrett (Sep 2019–)Budget Blinds / CEO
What industry is budget blinds?
home improvement and home services industryBudget Blinds is part of the Home Franchise Concepts (HFC) family of brands in the home improvement and home services industry.
Who founded Budget Blinds?
“I came from a very modest background and often struggled to make ends meet growing up,” said Chad Hallock. “I decided to take charge of my future and founded Budget Blinds with my brother and three close friends. Through hard work and dedication, we managed to grow it into a successful franchise business.
Do franchise owners make good money?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.
How much do 7 Eleven franchise owners make?
The estimated total pay for a Franchise Owner at 7-Eleven is $140,208 per year.
What franchise owners make the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
Is owning a franchise a full time job?
Buying a franchise doesn't have to mean making a full-time commitment. Believe it or not, there are many franchises that can be run on a part-time basis, especially when you first start out.
Company Details
Established: 1992 First Unit Franchised: 1994 Franchised Units: 975 Company Owned Units: 0 States Registered In: All US States and Canada
Support and Training Offered By Budget Blinds
Financial Assistance Provided: Yes Site Selection Assistance: No Lease Negotiation Assistance: No Recruiting Assistance: No Co-Operative Advertising: No Training: 11 days in California going over every aspect of the business. Corporate pays for hotel and airfare.
Franchises Similar to Budget Blinds
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
Background
Would you enjoy having a home based business? Budget Blinds could be a good fit for you. You can operate as a one-person operation or add employees as you grow. There is no inventory and no storefront needed. You meet with your customers and operate your business on the road from your Budget Blinds van.
Company Details
Established: 1992 First Unit Franchise: 1318 Company Owned Units: 0 States Registered In: All States Canada Franchises: Yes International Franchises: Yes
Support and Training Offered By Budget Blinds
Financial Assistance Provided: Yes; In-house financing $56,000 at 9% over 5 years Site Selection Assistance: No Lease Negotiation Assistance: No Recruiting Assistance: No Co-Operative Advertising: Yes Training: 2-week Start up Training covers everything you need to know to start strong ‐ administration, office set-up, technology, marketing your business locally, product knowledge and installation.
How many franchise territories does Budget Blinds have?
Open a window into your future with the #1 provider of custom window coverings franchise in North America. Budget Blinds, established in 1992, has over 1,300 franchise territories that serve 10,000 cities. We offer exclusive design-driven window solutions that consumers can shop at home for, and provide our customers with free in-home consultations, virtual consultations, window measurements, and installation services. Every week, our Budget Blinds franchisees install 50,000 blinds, shades, shutters, draperies, and smart home solutions across the U.S. and Canada. Learn more about Budget Blinds and our parent company, Home Franchise Concepts, from our CEO.
Is Extreme Makeover on HGTV?
We're proud to have partnered with Extreme Makeover: Home Edition on HGTV.
Is Budget Blinds a franchise?
As the #1 provider of customer window coverings in North America, Budget Blinds is a widely recognized brand and proven franchise business model for over 25+ years. The advantages that make us one of the top home-based franchises include an award-winning business model, a large network of successful franchisees, our large base of Alliance vendors, and a dedicated team at Budget Blinds Home Office to provide you the support and tools for success. We’ve been honored to receive a number of pr estigious accolades by franchise networks and by the home improvement industry, including most recently ranking the #1 in Home Improvement Franchise on Entrepreneur’s Franchise 500® list!
What is budget blinds?
Budget Blinds is a member of a family of brands under the umbrella of Home Franchise Concepts (HFC), which also includes Tailored Living, Concrete Craft, AdvantaClean, Kitchen Tune-Up, and Bath Tune-Up. Launched in 1992, Budget Blinds allows customers to shop at home for window coverings and offers customers free in-home consultations, virtual consultations, measurement and installation services. The company sells a wide selection of custom blinds, shades, draperies, and shutters from major brands and private labels, as well as smart home automation solutions. HFC is owned by JM Family Enterprises Inc.
What is the franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
How long is a franchise agreement?
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
What is budget blinds?
Budget blinds is a turnkey franchise opportunity that offers a home-based, no inventory, low overhead business model. For over 25 years, we have been providing customers with complimentary in-home consultations and professional measuring and installation services – bringing the store to the customer’s door. We carry the largest selection of custom blinds, shades, shutters and drapes from all the major brands, plus exclusive private label collections and smart home automation solutions – providing a style and service for every budget – all backed by the best warranties in the business.
Do you need experience to work at Budget Blinds?
NO EXPERIENCE in window treatments or decorating is necessary - Budget Blinds will first teach you how to satisfy each of your customers and then teach you how to build and run a scalable sustainable business. We are looking for those with an entrepreneurial spirit, who are team-minded, self-starters with positive attitudes and a passionate for customer service. Join our team today!
Is Budget Blinds a franchise?
Budget Blinds is ranked the #1 Window Coverings Franchise and #1 Home Improvement Franchise on Entrepreneur’s Franchise ® 500 List! With over 1,300 franchise territories in over 10,000 cities across the US and Canada, we are a widely recognized brand with a proven business model. We are passionate about providing an opportunity for people from all walks of life to reach financial independence through owning their own business. With Budget Blinds, you are in business for yourself, but not by yourself. Learn more today!
Basics of a Budget Blinds Franchise
If you’re thinking about buying a Budget Blinds franchise, there are many things to consider before signing on the dotted line. Becoming a Budget Blinds franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success.
Budget Blinds Due Diligence
You must conduct smart due diligence and determine from a business perspective whether owning a Budget Blinds franchise is right for you.
Budget Blinds Franchise Disclosure Document
Carefully read the Budget Blinds Franchise DisclosureDocument (Also known as an FDD). They can be intimidating.
Does a Budget Blinds Franchise Make Money?
A critical part of your due diligence is to build an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a Budget Blinds franchisee. Reading Chapter 13 of The Educated Franchise teaches you the secrets of this key step.
What is budget blinds?
Budget Blinds is a member of a family of brands under the umbrella of Home Franchise Concepts (HFC), which also includes Tailored Living, Concrete Craft, AdvantaClean, Kitchen Tune-Up, and Bath Tune-Up. Launched in 1992, Budget Blinds allows customers to shop at home for window coverings and offers customers free in-home consultations, virtual consultations, measurement and installation services. The company sells a wide selection of custom blinds, shades, draperies, and shutters from major brands and private labels, as well as smart home automation solutions. HFC is owned by JM Family Enterprises Inc.
What is the franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
How long is a franchise agreement?
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
