E2 Visa – Budget Blinds Franchise
If you are looking for an E2 investment with low-risk and a high ceiling for returns, then you should consider Budget Blinds. This is a great time to get involved, because they have recently begun to enter the commercial blinds industry and expect significant growth in sales over the next few years.
This is a business model that you should consider if you want to invest in an enterprise with high brand recognition, and a strong opportunity for growth.
We Can Help You
Our goal here is to just do some initial research for you and give you some ideas as to the variety of opportunities. If you are interested in starting a Budget Blinds franchise, let us know as we have some excellent contacts.
Ok – let’s get into some details about the Budget Blinds Franchise.
About Budget Blinds
Budget Blinds was founded by five entrepreneurs in 1992 and began franchising in 1994. They revolutionized the industry by providing convenient at-home service, professional installation, free in-home consultations and estimates, knowledgeable consultants, expert measuring and quality, name-brand window treatments.
They created a risk-free business model that required no inventory, and no overhead. There are now almost 1,000 Budget Blinds franchises in the United States, and there are new franchise opportunities throughout the country.
Budget Blinds is ranked #55 on the 2015 Entrepreneur.com Franchise 500.
Budget Blinds as an E2 Investment
There are two important considerations for determining whether or not a franchise is a good choice for an E2 investor; 1) does the franchise allow absentee ownership, and 2) will the franchise create enough jobs to qualify with US Immigration?
For Budget Blinds, the answer to both of these questions is, “yes.”
Budget Blinds allows absentee ownership, meaning you can hire and train the right team and then allow them to run the business for you while you enjoy your new life in the US.
A typical Budget Blinds store requires 1-3 employees, you will need to hire two full-time employees in order to meet the requirements for your E2 visa. Make sure you consider this in your overall franchise plan.
A typical Budget Blinds franchise will require an upfront investment of $89,240 – $187,070.
Net Worth Requirements
For Budget Blinds you will need to show a net worth of $90,000.
Note: Net worth is basically the value of your assets minus the value of your debts, and franchisors normally require you to show a certain net worth in order to guarantee that you are going to be successful in the business.
Liquidity is important because it guarantees the franchisor that you will have cash on hand in an emergency.
For a Budget Blinds franchise, you are required to have $60,000 cash on hand.
Note: While a line of credit may be sufficient to meet this requirement, as a new arrival to the US under an E2 visa you may not have immediate access to lines of credit. Make sure you consider this in your overall investment budget.
You will be required to undergo a two-week comprehensive training program at the company’s headquarters which will prepare you in business administration, office set-up, local area marketing, canvassing, product knowledge, measuring, installation and overcoming sales objections. Owners report that this training allows them to tackle jobs that they would not have thought possible.
Along with a risk-free business model that requires no inventory and no overhead, Budget Blinds offers owners: an established brand, newsletters, meetings, toll-free phone lines, internet, purchasing cooperatives, co-op advertising, ad slicks, and millions of dollars in national and regional advertising.
Franchise Fee / Royalty
All franchise owners have to pay a small royalty or commission on the business they generate using the franchise name and business model. In many cases, but not all, you will be required to pay:
- An initial Franchise Fee to become a franchise owner,
- A royalty based on a percentage of the monthly gross of the business; and,
- A franchise fee for any advertising and corporate promotions.
Budget Blinds requires a franchise fee of $14,950.
Budget Blinds does not charge a royalty on your revenues, but they do require a monthly franchise fee. This fee is $300/month for your first six months, and increases in increments after that until it reaches $1,500 starting your third year.
Finding Your Location
As your E2 visa immigration lawyers, we would be delighted to work with you and get you connected with the best person within Budget Blinds to help you secure your location. Give us a call and we will get the ball rolling for you.
We offer free initial consultations to anyone looking for an E2 visa and a matching business. Our goal is to provide all of your clients with the very best advice and support possible, so do not hesitate to call for your free consultation.
US Immigration Law Offices of Chris M. Ingram
Chris M. Ingram LL.M., ESQ – Immigration Attorney
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Practice Specializing in US Immigration Law
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Everyday the Law Offices of Chris M. Ingram provides a comprehensive range of US Immigration expertise. We also provide a free consultation for our prospective clients.
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Specializing in the E2 Visa, EB1 Green Card, L-1A Visa and O1 Visa and K1 Visa Marriage-Based Immigration. Attorney Chris M. Ingram is dedicated to providing the very best in US Immigration legal representation. Enjoy our website.
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