7/10

Franchimp Summary Rating

7 /10
Lower than 33% of peers

Franchise Summary

Description
GotchaCovered businesses sell and install window treatments, including draperies, fabrics, drapery hardware, bedroom ensembles, blinds, shades, and other related merchandise ("GC Business (es) ").
Company Background
Gotcha Covered is a professional company with an extensive experience in the window treatments industry. We are dedicated to providing our customers with quality installation services and exceptional customer service. Our friendly, knowledgeable staff will help you find the right window covering for your needs at competitive prices.
Franchise Opportunity
Buying and installing window treatments is a high-stakes process. Not only do you have to choose the right type of blinds or curtains, but you also need to find someone that knows how to install them properly. If you aren't careful, buying and installing your own window treatments can be daunting. There are so many options out there it can feel like an impossible task picking something that will look good in your home while still being easy for you to install yourself. Gotcha Covered businesses sell and install all kinds of window treatments including draperies, fabrics, drapery hardware, bedroom ensembles, blinds shades and more (Gotcha Covered Businesses). Gotcha Covered Businesses are committed to helping their customers find the perfect solution for every room in their home by offering a wide selection of products at reasonable prices along with installation services performed by experienced professionals who know what they're doing.
Corporate Structure
Gotcha Covered Franchising, LLC is a Colorado limited liability company formed on May 22, 2009. Their principal business address is 303 S. Broadway, Suite 200-153, Denver, Colorado 80209. They began offering franchises for GC Businesses in May 2009. They operate under the names Gotcha Covered Franchising, LLC, “Gotcha Covered,” and “Gotcha Covered Window Fashions”.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Decorating & Home Design Industry

$362,424 / unit

Franchise Type: Standard

Average Revenue During 2018

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Gotcha Covered Franchisees

Gotcha Covered Franchise System Development in 2021

FAQ

How much investment do I need to start my own Gotcha Covered business?
Franchisees typically require at least $100 to $122 investment to get their Gotcha Covered business started
What are the initial franchise fees for Gotcha Covered?
Franchisees typically need to pay at least $88 in fees directly to Gotcha Covered in order to earn the right to launch their business
How much money can I make with a Gotcha Covered franchise? What are the average revenues for a typical Gotcha Covered business?
We estimate that the average revenue of an individual Gotcha Covered unit is approximately $362,424. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Gotcha Covered unit? What is my contractual commitment?
Gotcha Covered franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

7 /10
The Franchisor's investment costs ranges from $100,050 to $122,055 which is Much Lower than the $0 to $0 average in the Decorating & Home Design industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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