Start-Up Costs and Fees |
||
| California Closet Company | HomeVestors of America | |
| Investment | 127500 - 377000 | 70000 - 426250 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6% | Varies |
| Advertising Fee | Varies | |
| Year Founded | 1978 | 1989 |
| Year Franchised | 1982 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| California Closet Company | HomeVestors of America | |
| Experience | Industry experience General business experience Marketing skills | General business experience |
Financing Options |
||
| California Closet Company | HomeVestors of America | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | Yes |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| California Closet Company | HomeVestors of America | |
| Training | On-site operational instruction Training for designer, installation, and production staff Proprietary technology for sales, design, and operational systems management | 1 week initial training |
| Support | Media planning Local and national advertising collateral Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | Co-op advertising, National media, Regional advertising | Co-op advertising, Ad slicks, Regional advertising |
| Operations | Number of employees needed to run franchised unit: 8 - 10 Absentee ownership of franchise is NOT allowed. | Less than 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| California Closet Company | HomeVestors of America | |
| 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 | |
| California Closet Company | |
| HomeVestors of America | |
| Franchise Fee | |
| California Closet Company | |
| HomeVestors of America | |
| Royalty Fee | |
| California Closet Company | 6% |
| HomeVestors of America | Varies |
| Advertising Fee | |
| California Closet Company | |
| HomeVestors of America | Varies |
| Year Founded | |
| California Closet Company | 1978 |
| HomeVestors of America | 1989 |
| Year Franchised | |
| California Closet Company | 1982 |
| HomeVestors of America | 1996 |
| Term Of Agreement | |
| California Closet Company | 10 years |
| HomeVestors of America | 5 years |
| Renewal Fee | |
| California Closet Company | 50% of franchise fee |
| HomeVestors of America | |
Business Experience Requirements |
|
| Experience | |
| California Closet Company | Industry experience General business experience Marketing skills |
| HomeVestors of America | General business experience |
Financing Options |
|
| Franchise Fees | |
| California Closet Company | No |
| HomeVestors of America | No |
| Start-up Costs | |
| California Closet Company | |
| HomeVestors of America | |
| Equipment | |
| California Closet Company} | |
| HomeVestors of America | |
| Inventory | |
| California Closet Company | |
| HomeVestors of America | |
| Receivables | |
| California Closet Company | |
| HomeVestors of America | |
| Payroll | |
| California Closet Company | |
| HomeVestors of America | |
Training & Support |
|
| Training | |
| California Closet Company | On-site operational instruction Training for designer, installation, and production staff Proprietary technology for sales, design, and operational systems management |
| HomeVestors of America | 1 week initial training |
| Support | |
| California Closet Company | Media planning Local and national advertising collateral Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations |
| HomeVestors of America | Newsletter, Meetings, Internet, Field operations/evaluations, Purchasing cooperatives, ongoing mentoring support in each market |
| Marketing | |
| California Closet Company | Co-op advertising, National media, Regional advertising |
| HomeVestors of America | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| California Closet Company | Number of employees needed to run franchised unit: 8 - 10 Absentee ownership of franchise is NOT allowed. |
| HomeVestors of America | Less than 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| California Closet Company | |
| HomeVestors of America | 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 | |
| California Closet Company | |
| HomeVestors of America | |
| International Expansion | |
| California Closet Company | |
| HomeVestors of America | |