百大连锁店- Rank no. 323 – 新移民致富之路

百大连锁店- Rank no. 323 – 新移民致富之路


Rank no. 323 – Solar Universe – US

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Products & Services: Solar panel sales & installation

Number of Locations: 41

Total Investment: $118.5K – 319K

Founded: 2008

Began Franchising: 2008

About Solar Universe

In 2008, Quiznos franchisee Joe Bono sold his sandwich shops and started Solar Universe, a solar panel installation franchise headquartered in Livermore, California. Franchisees help residential and commercial clients understand and navigate state and federal rebates and tax credits, as well as utility company regulations, before installing solar panels.

Franchise Units

YEAR U.S. CANADIAN INTERNATIONAL COMPANY OWNED
2013 40 0 0 1
2012 35 0 0 1
2011 24 0 0 1
2010 17 0 0 0
2009 8 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.

Startup Costs, Ongoing Fees and Financing

Total Investment: $118,500 – $319,000
Franchise Fee: $25,000 – $150,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: Term of agreement renewable
FINANCIAL REQUIREMENTS

Net Worth: $300,000
Liquid Cash Available: $150,000 – $300,000

Franchise Ranking History

Franchise 500®: #323 (2013), #412 (2012),
Top New: #17 (2013), #43 (2012),
Solar Universe
Solar Universe Logo.png
Type Private company
Founded 2007
Key people Joseph Bono, President, CEO, Founder
Steven Yeffa, CFO
Suleman Kahn, Vice President
Website solaruniverse.com

Solar Universe is an American solar electricity company, serving homeowners, businesses and government/non-profit organizations with professional installation, design and permits, maintenance, and financing options for solar energy systems.[1]

Solar Universe is headquartered in LivermoreCalifornia but the company uses a franchise model in which it provides a national network of locally owned and operated solar installers with training and support.[2] The franchise has over 32 locations in 9 states.

Overview[edit]

Solar Universe was founded in 2007 by Joseph Bono, the company’s current CEO, after he spent several years as a successful Quiznos franchisee in the Bay Area and saw a need for a comprehensive franchising application in the solar installation industry. After an initial investment of $1 million, the company received $7 million in series B funding in 2011 fromRockPort Capital Management.[4][5] Just two years after its founding, Solar Universe was one of the top 10 solar installers in California.[6] In 2012 Entrepreneur Magazine ranked Solar Universe one of the 50 best new franchise concepts and selected it for the prestigious “Franchise 500," alongside such industry leaders as Subway, 7-Eleven Inc., and McDonalds.[7] Alluding to Bono’s former affiliations and the company’s rapid expansion, Greentech Media once referred to Solar Universe as “the Quizno’s of solar installation."