Novus Glass outlets and mobile stores primarily provide auto glass replacement products and services. With more than 44 million windshields repaired since 1972, the company claims to be the global leader in their market.
Novus Glass is headquartered in St. Paul, Minnesota. They’ve offered franchise opportunities since 1985. Best known for their auto glass repair services, they also offer commercial and residential glass replacement plus a mix of other automotive aftermarket products and services. They currently operate in 30 countries and have more than 1300 locations worldwide.
Novus Glass at a glance:
Novus Glass say you don’t need previous experience in the automotive service industry to successfully operate one of their glass replacement outlets, and with a requirement of $50,000 liquid cash and $120,000 net worth, the financial hurdles to ownership are low. However, keep in mind that with thousands of businesses offering auto glass repair in Australia, the competition for customers could be challenging – as evidenced by this franchise’s failure rate, which is 23% by year three.Â
A Novus Glass franchise is affordable, requiring an initial investment that ranges from $59,000 up to $274,000 (a cost that includes a vehicle fee that could be reduced by leasing your van or truck). This set-up cost ranks as low.Â
The initial franchise fee is $7,500 and military veterans may qualify for a $1,000 discount. Note that franchisees can choose between a retail franchise, which requires a bricks and mortar store, or a mobile-only franchise, which utilises a van or truck to deliver Novus Glass products and services. Retail set-up costs range from $79,000 to $274,000. Mobile set-up costs range from $59,000 to $159,000.
After opening, you are required to pay an array of ongoing fees and charges. They include:
| Key Costs Guide | Low | High |
|---|---|---|
| Franchise fee | $7,500 | $7,500 |
| Initial training fee | $14,000 | $14,000 |
| Training expenses – up to two people including salaries | $3,000 | $9,000 |
| Leased premises cost – first month’s rent | $1,000 | $4,200 |
| Leasehold improvements – store build-out | $2,500 | $40,000 |
| Furniture and fixings | $0 | $25,000 |
| Exterior signage | $5,000 | $10,000 |
| Insurance | $10,000 | $20,000 |
| Vehicle (lease or buy outright) | $3,800 | $50,000 |
| Equipment packages | $10,000 | $25,000 |
| Additional tools and supplies | $1,000 | $2,500 |
| Inventory and supplies | $0 | $10,000 |
| Software package | $2,500 | $2,500 |
| Calibration package | $0 | $11,990 |
| Franchise ID package | $1,500 | $3,000 |
| Initial marketing set-up package | $5,000 | $5,000 |
| Initial advertising campaign costs | $0 | $5,000 |
| Insurance premiums | $2,500 | $5,000 |
| Security deposits | $0 | $3,000 |
| Additional costs – 3 months | $17,000 | $35,000 |
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Yes. Average annual gross revenues for an Australian Novus Glass franchise are $612,000. Auto repairs – all kinds – generally earn profit margins of 20% to 30%. Assuming a 25% profit margin, the average net income per Novus outlet would be around $150,000, which ranks as good and would repay your initial investment in approximately 4 years.Â
High. The failure rate of a Novus Glass franchise is 6% in the first year, rising to 23% by year three.
Low initial investment, good profits and fast payback make a Novus Glass franchise an attractive business opportunity, but there are concerns over the unusually high failure rate, with almost a quarter of all franchises going bust within their first 3 years. If you think you can beat this trend and you like working with cars and trucks and you’re also prepared to go on the road to rescue motorists in an emergency, this could be the franchise for you.
Franchises receive the right to operate one Novus Glass business within a territory that the company designates. While there is no minimum size for the territory, the company uses mapping software and vehicle data to determine the territory, which will typically include approximately 120,000 vehicles or more. As long as the franchisee is compliant with their franchise agreement, Novus Glass will not operate, or grant to any third party the right to operate another glass repair and/or glass replacement business, including a mobile business, using the Novus trademarks within the territory.
Novus Glass support for franchisees includes:
It begins with an application. Start the process today.
Starting a new franchise can be an exciting opportunity, but it’s easy to get lost in a maze of business loan applications that can make funding your new glass replacement business like too much hard work. Instead, cut out the hassle and cut to the chase. Swoop has the best lenders for the best franchises across Australia. Just tell us what you need and leave the rest to us. Get started today.
Written by
Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance.
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