Koala Insulation
Insulation
- 2022 Franchise 500 Rank
-
#242 Not ranked last year
- Initial investment
-
$148K - $190K
- Units as of 2022
-
313 15,550.0% over 3 years
Here’s what you need to know if you’re interested in opening a Koala Insulation franchise.
Koala insulation is an insulation contractor franchise that offers residential and commercial insulation services. The company caters to various jobs and applications, such as new construction, retrofitting, and properties compromised by natural disasters. They also offer all types of insulation, from blown-in cellulose to batt insulation and more, with the mission of saving their customers’ energy costs.
Koala Insulation was founded in Melbourne, Georgia, in 2018, and has expanded faster than its original goal. Today, it has opened over 200 territory locations across the U.S. in line with its goal of building a stronger national presence.
Why You May Want To Start a Koala Insulation Franchise
According to the Harvard Joint Center for Housing Studies, at least 26 million homeowners spend on home improvement each year. Many single-family homes in the country are wasting money and energy due to under-insulation. With a Koala Insulation franchise working on both newly constructed and existing structures, it may be safe to say that the insulation industry is well insulated.
So if you’re seeking a business opportunity with a solid model, you might consider a Koala Insulation franchise. As a franchisee, you may find yourself moving in an environment of technical superiority, trust, communication, efficiency, courtesy, and accountability. If you think these ideals are worth practicing and you are willing to put in the work, a Koala Insulation franchise could represent the opportunity you’ve been waiting for.
What Might Make a Koala Insulation Franchise a Good Choice
Multiple features make a Koala Insulation franchise unique from its competitors, beginning with its reasonably priced services, including free insulation evaluations. There may be no requirement for any industry knowledge or skills. A dedicated team will be around you to guide you in setting up and running your business starting from the ground up.
To be part of the Koala Insulation franchise, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
Koala Insulation has partnered with third-party financial lenders that may help you cover the franchise fee, startup, equipment, inventory, accounts receivable, and payroll if you qualify.
How To Open a Koala Insulation Franchise
As you decide if opening a Koala Insulation franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Koala Insulation franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Before making any financial commitment or signing an agreement with Koala Insulation, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Koala Insulation franchising team questions.
Company Overview
About Koala Insulation
- Industry
- Home Improvement
- Related Categories
- Insulation
- Founded
- 2018
- Leadership
- Scott Marr, Founder & CEO
Franchising Overview
- Franchising Since
- 2020 (2 years)
- # of employees at HQ
- 27
- Where seeking
-
This company is seeking new franchisees throughout the US.
- # of Units
- 313 (as of 2022)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Koala Insulation franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $49,500
- Initial Investment
- $147,813 - $190,138
- Net Worth Requirement
- $250,000
- Cash Requirement
- $100,000
- Veteran Incentives
- 10% off franchise fee
- Royalty Fee
- 6.5%
- Ad Royalty Fee
- 1%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Koala Insulation has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 16 hours
- Classroom Training
- 40 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- Yes
- Can this franchise be run part time?
- Yes
- Are exclusive territories available?
- Yes
Franchise 500 Ranking History
Compare where Koala Insulation landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
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