Koala Insulation Sets Aside $148,500 to Help America’s Entrepreneurs
National Insulation Provider Gives Back Amid COVID-19
May 13, 2020 // Franchising.com // MELBOURNE, Fla. - The numbers are devastating: a staggering 30 million American workers have filed for unemployment since the onset of the novel coronavirus pandemic. As that number grows every day, Koala Insulation is doing its part to help entrepreneurs seeking career independence get back on their feet.
The emerging franchise brand is offering an extraordinary initial franchise fee giveaway of three franchise territories ($148,500 combined value) to qualified entrepreneurs who have been impacted by the devastating economic fallout following the COVID-19 crisis.
“As Americans continue to lose jobs and face economic hardships like never before, we knew we had to jump in and help, however we can,” said Scott Marr, founder and CEO of Koala Insulation. “Our brand is built on supporting customers and our franchisees, so this program came naturally out of that commitment. We’re looking for folks who have lost jobs or businesses due to the current crisis, but who show enormous potential and have the qualifications and professional skillset we seek in our franchise partners.”
Starting May 12 and through June 30, Koala Insulation is inviting prospective franchisees to complete a franchise application and submit an essay to apply for the program. The brief essay should focus on how an applicant’s background and career goals align with Koala Insulation’s mission and values; why they would like to become a member of the Koala Insulation franchise system; and how they’ve been impacted by COVID-19.
“Insulation is recession-resistant - it is one of the only home improvement processes that actually saves property owners money - so we offer entrepreneurs a uniquely stable opportunity to get back on their feet, be their own boss and establish a legacy for their family,” added Marr.
Koala Insulation is prioritizing the program in select markets across the country, including Shreveport, LA; Montgomery, AL; Jackson, MS; Dalton and Savannah, GA; Jacksonville and Wilmington, NC; Corpus Christi, TX; Wichita, KS; Springfield, MO; Lexington, KY; and Gainesville, Pensacola and Tallahassee, FL. Candidates from outside these markets are encouraged to apply as the brand’s leadership understands that people have been hit tremendously hard in all areas alike.
A panel of judges from Koala Insulation will select three qualified entrepreneurs based on their contest applications, which includes the essay. Winning contestants must meet all of Koala Insulation’s standard franchisee qualifications, which includes a financial requirement of $50,000 in liquidity (cash, marketable securities, etc.) and $150,000 in total net worth. Prospects will be required to purchase the equipment package and obtain financing as needed.
After a review of all prospective franchisee applications and essays, Koala Insulation will announce the potential winners on National Give Something Away Day (Wednesday, July 15).
About Koala Insulation
Koala Insulation is an emerging franchise brand in the $52-billion insulation industry, providing insulation installation to residential and commercial properties. Koala Insulation, which specializes in the full-range of insulation options including spray foam, blown-in and blanket (batt) insulation, has differentiated its business model with a system that delivers efficiency and comfort to its clients.
Koala Insulation provides franchisees with best-in-class training at its state-of-the-art headquarters and segment-leading technology systems. Franchisees enjoy the benefits of a mobile concept in a fast-growing, recession-resistant industry. Now franchising, Koala Insulation is seeking qualified franchise candidates across the United States.
SOURCE Koala Insulation
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