GlassPointe’s franchising costs start at about $1,000. Additional fees and material costs may apply as you establish and operate your business. For more details on GlassPointe’s start-up costs, including what you get for your money and whether or not it’s worth the cost, see below.
GlassPointe Start-Up Cost Breakdown
GlassPointe is a franchised windshield repair business focused on rock chip repairs. The initial cost to start a GlassPointe franchise is about $1,000 (as of press time). More extensive (and expensive) start-up packages are also available, two company representatives said. Materials and pricing beyond the basic package are reviewed during a one-on-one consultation with GlassPointe. However, all start-up packages include:
- Software for insurance claim processing
- Windshield repair bridge vacuum
- Rechargeable drill with carbon bits
- Enough resin for $5,000 worth of rock chip repairs
- Self-paced virtual training:
- Training on how to repair rock chips (using practice glass that you can find for free or purchase from GlassPointe)
- Training on how to bill insurance companies and how to find customers
GlassPointe states on its website that it provides lifetime coaching to all franchisees, and there is a members-only support forum available for additional support. Training and support are handled through the use of videos, phone calls, and Skype, a GlassPointe representative said.
Besides equipment and training, you’ll incur additional costs in the process of establishing your business. GlassPointe franchises don’t operate under the GlassPointe name, but as separate Limited Liability Companies (LLC). Forming an LLC may require the following fees, according to LegalZoom:
- Filing fees: Filing fees vary by state and can be anywhere from about $50 to more than $500. You can find out about your state’s fees by contacting your local Secretary of State’s office.
- Franchise taxes/licensing: Some states require additional licensing fees or taxes for franchised businesses. These fees can range from about $100 per year to nearly $ 1,000, depending on the state.
- Name reservation: Your LLC’s name has to be reserved with the Secretary of State’s office. Name reservation fees vary and can add up if the name you pick is rejected and you have to refile.
- Public notification: Some states require you to publish a notice in your local newspaper announcing the formation of your business. These fees vary by publication. For example, a general advertisement in the Chicago Tribune starts at about $60, while announcements in the Detroit Free Press and Detroit News start around $50.
Is GlassPointe Worth the Cost?
GlassPointe acknowledges that there are other ways to get into the rock chip repair business in its introductory webinar. Establishing your own business by buying equipment and forming an entity is an option, as is working with an established repair shop. Keep in mind, repair shops keep a percentage of your profit, and neither alternative provides the equipment or continued support advertised by GlassPointe.
While the company states that it does not offer earnings projections or promises, one estimate it provides is that with just one rock chip repair per day, you can earn $15,000 a year. To try to get a better idea of what it takes to run a GlassPointe franchise, we reached out to a few current franchisees. Unfortunately, those we reached out to either did not respond or were unwilling to speak with us about the particulars of their businesses. A few challenges we can assume based on the company’s webinars and questions posed on GlassPointe’s Facebook page include finding stores that will allow you to set up shop in their parking lots for free, finding and marketing to customers, and dealing with inclement weather. So, is it worth it to sign up with GlassPointe? We weren’t able to gather enough information to provide a clear answer.
If you choose to sign with up with GlassPointe, payments are only accepted by a debit or credit card issued by a U.S. bank, unless otherwise arranged with GlassPointe. And, it’s important to note that equipment and training fees are non-refundable. (For other business and extra-income ideas that may be a better fit for you, see our list of ways to make money on the side.)
And that’s the GlassPointe start-up costs outlined. Introductory costs for opening a GlassPointe franchise start at about $1,000, not including equipment upgrades or legal fees associated with forming an LLC. While this is a relatively low start-up cost compared to some other businesses, keep in mind that GlassPointe’s equipment and training fees are not refundable and that your earning potential may not match the estimations listed on GlassPointe’s website. Make sure you have a solid business plan before committing to any franchise package.