Start-Up Costs and Fees |
||
| Basement Living Systems USA | Closet Factory | |
| Investment | 190000 - 320000 | 208500 - 356000 |
| Franchise Fee | ||
| Royalty Fee | 4% | 6.75% |
| Advertising Fee | 1% | |
| Year Founded | 1953 | 1983 |
| Year Franchised | 2008 | 1985 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Basement Living Systems USA | Closet Factory | |
| Experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. | You are not required to have closet industry experience or even know how to use a hammer. Experience managing a business successfully or having a background in sales, management or marketing can be helpful. Closet Factory requires that the franchisee participate in the day-to-day management of the business; this is not an absentee ownership business. |
Financing Options |
||
| Basement Living Systems USA | Closet Factory | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Basement Living Systems USA | Closet Factory | |
| Training | Initial one week orientation and ongoing | Closet Factory provides you with a total of six weeks of training for you and your staff. Two weeks of franchisee training are provided at our corporate offices. During the grand opening of your location, our sales trainer will provide you and your staff with two weeks of on-site sales, design, and administrative training. In addition, our operations trainer will spend two weeks guiding the setup of your factory and training you and your operations staff basic in manufacturing and installation. You will be provided our entire library of training materials and have access to additional resources designed to enhance the performance of the business, including ClosetWare, our proprietary master control software that is used to run each element of a Closet Factory business. On-The-Job Training: 160 hours Classroom Training: 80 hours |
| Support | Our corporate staff guides and assists you as you need it. Our in-house graphics department advertising campaigns maintain the Closet Factory brand image. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Marketing materials are created and available | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 6 | |
Expansion Plans |
||
| Basement Living Systems USA | Closet Factory | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Basement Living Systems USA | |
| Closet Factory | |
| Franchise Fee | |
| Basement Living Systems USA | |
| Closet Factory | |
| Royalty Fee | |
| Basement Living Systems USA | 4% |
| Closet Factory | 6.75% |
| Advertising Fee | |
| Basement Living Systems USA | 1% |
| Closet Factory | |
| Year Founded | |
| Basement Living Systems USA | 1953 |
| Closet Factory | 1983 |
| Year Franchised | |
| Basement Living Systems USA | 2008 |
| Closet Factory | 1985 |
| Term Of Agreement | |
| Basement Living Systems USA | 5 years +5+5+5 |
| Closet Factory | |
| Renewal Fee | |
| Basement Living Systems USA | $5,000 |
| Closet Factory | |
Business Experience Requirements |
|
| Experience | |
| Basement Living Systems USA | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
| Closet Factory | You are not required to have closet industry experience or even know how to use a hammer. Experience managing a business successfully or having a background in sales, management or marketing can be helpful. Closet Factory requires that the franchisee participate in the day-to-day management of the business; this is not an absentee ownership business. |
Financing Options |
|
| Franchise Fees | |
| Basement Living Systems USA | No |
| Closet Factory | No |
| Start-up Costs | |
| Basement Living Systems USA | |
| Closet Factory | |
| Equipment | |
| Basement Living Systems USA} | |
| Closet Factory | |
| Inventory | |
| Basement Living Systems USA | |
| Closet Factory | |
| Receivables | |
| Basement Living Systems USA | |
| Closet Factory | |
| Payroll | |
| Basement Living Systems USA | |
| Closet Factory | |
Training & Support |
|
| Training | |
| Basement Living Systems USA | Initial one week orientation and ongoing |
| Closet Factory | Closet Factory provides you with a total of six weeks of training for you and your staff. Two weeks of franchisee training are provided at our corporate offices. During the grand opening of your location, our sales trainer will provide you and your staff with two weeks of on-site sales, design, and administrative training. In addition, our operations trainer will spend two weeks guiding the setup of your factory and training you and your operations staff basic in manufacturing and installation. You will be provided our entire library of training materials and have access to additional resources designed to enhance the performance of the business, including ClosetWare, our proprietary master control software that is used to run each element of a Closet Factory business. On-The-Job Training: 160 hours Classroom Training: 80 hours |
| Support | |
| Basement Living Systems USA | |
| Closet Factory | Our corporate staff guides and assists you as you need it. Our in-house graphics department advertising campaigns maintain the Closet Factory brand image. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Basement Living Systems USA | Marketing materials are created and available |
| Closet Factory | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | |
| Basement Living Systems USA | |
| Closet Factory | Absentee Ownership Allowed Number of Employees Required to Run: 6 |
Expansion Plans |
|
| US Expansion | |
| Basement Living Systems USA | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Closet Factory | |
| Canada Expansion | |
| Basement Living Systems USA | |
| Closet Factory | |
| International Expansion | |
| Basement Living Systems USA | |
| Closet Factory | |