OLO Builders
New home construction- 2022 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$166K - $291K
- Units as of 2022
-
7
Company Overview
About OLO Builders
- Industry
- Services (Other)
- Related Categories
- Building Services
- Founded
- 2019
- Parent Company
- OLO Builders Inc.
- Leadership
- Dean Anderson, CEO
More from OLO Builders
OLO is Growing With Franchises!
INVEST IN A PROVEN BUSINESS
The What and Why of OLO:
Owners can build their new home construction business quickly to create predictable cash flow as efficiently as possible
- Right Strategy
- Systems
- Processes
- Tools
How OLO is Different
- Performance Culture Process
- Business Strategy & Workflow Tools
- Market Leader Accelerators
Value to Franchise Owners
Business Strategy Tools: OLO's software, tools, and coaching make strategy creation simple and predictable. The Calibration Tool© is one of several resources that provides a financial road map to help franchise owners project their ROA each year.
5-Person "Precision Team":
Small teams enable:
- Greater efficiency, scalability, and profitability in the home building process.
- OLO's proprietary workflow tools, coupled with the right people can produce extraordinary results
Performance Culture: OLO's culture process galvanizes the human element around behavioral norms designed to achieve great results. Accountability, feedback, managing stakeholder beliefs, and managing client satisfaction are hallmarks of the culture process.
Workflow Tools: They are simple, operationally clear, and they align team members.
- Swim Lane Tool© : defines roles for each home being built
- Even Flow System Tool© : helps manage the complexity of multiple homes being built concurrently.
Lead Generation: New owners are not left to find prospects on their own; after the initial business setup, OLO's lead generation and call center are launched and qualified appointments are set so sales can be generated quickly
Powerful Software: Clients choose from a collection of award-winning predesigned home plans with up to 1300 options to choose from. Price estimates are provided instantly in the sales presentation, along with ready-to-build blueprints and all materials and costs.
Franchising Overview
- Franchising Since
- 2020 (2 years)
- # of employees at HQ
- 11
- Where seeking
-
This company is seeking new franchisees throughout the US.
- # of Units
- 7 (as of 2022)
Franchisor Information
- Social
- Corporate Address
-
5748 S. Adams Ave. Pkwy.
Ogden, UT 84405
Information for Franchisees
Here’s what you need to know if you’re interested in opening a OLO Builders 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
- $65,000
- Initial Investment
- $166,100 - $291,000
- Net Worth Requirement
- $250,000
- Cash Requirement
- $150,000
- Royalty Fee
- 3.5%
- Ad Royalty Fee
- 1.5%
- Term of Agreement
- 5 years
- Is franchise term renewable?
- Yes
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
- 40 hours
- Classroom Training
- 20 hours
- Ongoing Support
-
Meetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail Marketing
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 5
- Are exclusive territories available?
- No
Request free information
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