Start-Up Costs and Fees |
||
| Basement Living Systems USA | The Closet Factory | |
| Investment | 190000 - 320000 | 208500 - 356000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 5.75% |
| Advertising Fee | 1% | |
| Year Founded | 1953 | 1983 |
| Year Franchised | 2008 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Basement Living Systems USA | The Closet Factory | |
| Experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. | General business experience Marketing skills People skills |
Financing Options |
||
| Basement Living Systems USA | The Closet Factory | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Basement Living Systems USA | The Closet Factory | |
| Training | Initial one week orientation and ongoing | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Marketing materials are created and available | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Basement Living Systems USA | The 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 | |
| The Closet Factory | |
| Franchise Fee | |
| Basement Living Systems USA | |
| The Closet Factory | |
| Royalty Fee | |
| Basement Living Systems USA | 4% |
| The Closet Factory | 5.75% |
| Advertising Fee | |
| Basement Living Systems USA | 1% |
| The Closet Factory | |
| Year Founded | |
| Basement Living Systems USA | 1953 |
| The Closet Factory | 1983 |
| Year Franchised | |
| Basement Living Systems USA | 2008 |
| The Closet Factory | 1986 |
| Term Of Agreement | |
| Basement Living Systems USA | 5 years +5+5+5 |
| The Closet Factory | 5 years |
| Renewal Fee | |
| Basement Living Systems USA | $5,000 |
| The Closet Factory | $7K |
Business Experience Requirements |
|
| Experience | |
| Basement Living Systems USA | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
| The Closet Factory | General business experience Marketing skills People skills |
Financing Options |
|
| Franchise Fees | |
| Basement Living Systems USA | No |
| The Closet Factory | No |
| Start-up Costs | |
| Basement Living Systems USA | |
| The Closet Factory | |
| Equipment | |
| Basement Living Systems USA} | |
| The Closet Factory | |
| Inventory | |
| Basement Living Systems USA | |
| The Closet Factory | |
| Receivables | |
| Basement Living Systems USA | |
| The Closet Factory | |
| Payroll | |
| Basement Living Systems USA | |
| The Closet Factory | |
Training & Support |
|
| Training | |
| Basement Living Systems USA | Initial one week orientation and ongoing |
| The Closet Factory | |
| Support | |
| Basement Living Systems USA | |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Basement Living Systems USA | Marketing materials are created and available |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Basement Living Systems USA | |
| The Closet Factory | International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
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 |
| The Closet Factory | |
| Canada Expansion | |
| Basement Living Systems USA | |
| The Closet Factory | |
| International Expansion | |
| Basement Living Systems USA | |
| The Closet Factory | |