How to Become a Franchise Owner With CoolVu
Discover the Steps to Becoming a CoolVu Franchise Owner
Becoming a franchise owner is an increasingly popular career path. According to Zippia, there are over 712,274 franchise owners currently employed in the United States. Looking to join those numbers? There are massive benefits to becoming a CoolVu Franchisee — including a streamlined process to owning a business. Read on to discover these benefits, alongside a step-by-step guide on how to get there.
- Benefits of Becoming a CoolVu Franchisee
- How to Become a Franchise Owner With CoolVu
- Start the Process to Becoming a CoolVu Franchisee Today
Benefits of Becoming a CoolVu Franchisee
Becoming a CoolVu Franchisee offers immense benefits to franchise owners — especially compared to other franchise opportunities. Our franchisees have the opportunity to work from home and dictate their own hours, offering extensive flexibility in lifestyle and business strategy. By working from home, CoolVu franchisees also don’t have to pay the hefty expenses attributed to brick-and-mortar locations.
CoolVu franchises are also part of the booming window film and tint industry. The U.S. window & film market size was priced at $2.8 billion in 2021, and is expected to grow at a compound rate of 4.1% from 2024 to 2030. Now is the perfect time to start a business, and franchising with CoolVu provides a reliable pathway into the industry.
Another massive benefit of becoming a CoolVu Franchisee is our comprehensive help throughout the process of jump-starting your business. Our decades of experience within the industry have given us detailed insight into the best ways to train our franchisees — leading to an unparalleled training program and comprehensive ongoing support. As you’ll discover below, our process to becoming a franchise-owner is incredibly straightforward and intuitive.
How to Become a Franchise Owner With CoolVu
Becoming a franchise-owner with CoolVu is a seamless, transparent, efficient process. From your initial inquiry through becoming an official CoolVu Franchise Partner to the end of training, it takes about 30-45 days to open your doors as a franchise-owner with CoolVu. Let’s walk through the specific steps of this process.
Request Information and Submit an Inquiry
The first step to becoming a CoolVu franchise owner is requesting information. By filling out our online request form, potential franchisees can introduce themselves to our system, ask general questions about becoming a franchise owner, and receive information about the specific details of our process. After processing that initial information, future applicants can decide if they want to move forward with the process.
Talk to a CoolVu Representative
Once an applicant decides to move forward, it’s time to talk to a CoolVu representative firsthand. Scheduling a call is easy; our representative will walk you through all the basic requirements of owning a franchise, alongside territory details in your specific locality. From there, the representative will send a franchise disclosure agreement, and you’ll begin the formal franchising process.
Secure Your Franchise Financing
No matter what franchise you’re seeking to buy, entrepreneurs need a budget to cover the various costs to buying a franchise. Any given franchise will come with a slew of financial considerations, and franchisees must consider their total investment before going into business. Fees may include:
- Startup Costs: Upfront payments charged by franchisors that grant a contract to a franchisee to operate their business for a defined period of time.
- Franchise Fees: Expenses to get a franchise up and running including marketing costs, software, equipment, and more.
- Professional Fees: Payments towards professional services, such as lawyers, architects, or accountants.
Franchisees have the option to apply for Small Business Administration loans, 401k rollovers, or ROBs to help fund startup costs. Because CoolVu franchises don’t require brick-and-mortar locations, however, many of the typical startup costs associated with franchises are moot when financing one of our locations. There are two key financial considerations specific to CoolVu: the CoolVu Initial Franchise Fee and CoolVu Territory Fees.
Pay the CoolVu Initial Franchise Fee
For most CoolVu Franchisees, the only fee due at the time your CoolVu Franchise Agreement is signed is the Initial Franchise Fee. At $19,900, CoolVu offers several options to handle the fee — including in-house financing and potential options to waive the fee altogether.
We offer in-house financing on initial franchise fees to all of our CoolVu Franchisees. When financing with CoolVu, the initial franchise fee is not due at the time of your CoolVu Franchise Agreement. However, franchisees leveraging in-house financing will pay an additional $350 fee over the course of 72 months. If you manage to pay the CoolVu franchise fee upfront, you will receive a 25% reduction in price — bringing the Initial Franchise Fee down to $14,925.
Select franchisees gain additional help tackling the CoolVu Franchise Fee. We provide a significant reduction on initial fees to first responders, women, and minorities — bringing down the Initial Franchise Fee to $9,950. Combined with the discount from an upfront payment, these franchisees can lower the Initial Franchise Fee by another 25% for a starting fee of $7,463.
Additionally, CoolVu is proud to waive the initial franchise fees entirely for military veterans. Qualifying honorably discharged veterans, along with their spouses, can provide an applicable copy of their DD Form 214 to pay $0. Veterans do, however, still need to pay CoolVu’s Franchise Territory Fees.
Prepare to Pay CoolVu Territory Fees
CoolVu franchisees need to pay the following in territory fees:
- Franchise Territory Fee: $40,000
- Second Territory Fee: $30,000
- Third & Subsequent Territory Fee: $20,000
Attend Our In-Person Training
Once the Initial Franchise Fee is taken care of, it’s almost time to start running your franchise! First, however, comes training. CoolVu offers an initial franchise training for all new franchisees, regardless of experience level. Our four day, in-person program is led by CoolVu’s executive team, alongside regional support directors. The training covers diverse topics, including workshops on:
- Insight into the window film and tinting industry
- Guides to marketing strategies
- Hands-on product installation
- Insider product knowledge
- How to provide product estimations
- Profitability based on territory
By the time training is finished, we’re confident that you’ll feel confident in your ability to run a CoolVu franchise. If franchisees want to review training after in-person workshops, we also provide additional training videos to reference at any time going forward.
Run Your Business and Receive Ongoing Support
Once training is complete, franchisees can start running their business. Our proven franchise model helps franchisees enter the lucrative window film industry with a reliable pathway to success. With a trusted brand name and internal lead generation assistance, your CoolVu franchise should be off to a rousing start.
Support from CoolVu extends beyond our initial training session. Our experienced team of window film industry professionals boasts decades of knowledge, and provides ongoing franchise support services to all franchisees. These services may include:
- Coaching for sales and performance
- Reliable marketing strategies
- In-field work assistance
- Support for installation
- Guidance on large projects
Start the Process to Becoming a CoolVu Franchisee Today
When working with CoolVu, franchise-owners have a clear path to success. Our team will help you along every step of the process and throughout your tenure as a CoolVu Franchisee. With flexible hours, immense support, and work from home availability, CoolVu is the clear choice for entrepreneurs looking to run their own business. Interested in becoming a CoolVu Franchisee? Request info today and complete step one of the process.
