Start-Up Costs and Fees |
||
| Steam Brothers | The Closet Factory | |
| Investment | 22000 - 53500 | 208500 - 356000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 5-6.5% | 5.75% |
| Advertising Fee | ||
| Year Founded | 1977 | 1983 |
| Year Franchised | 1984 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Steam Brothers | The Closet Factory | |
| Experience | General business experience Marketing skills People skills | |
Financing Options |
||
| Steam Brothers | 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 |
||
| Steam Brothers | The Closet Factory | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Ad slicks | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | Franchise can be run from home. 2% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | 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 |
||
| Steam Brothers | The Closet Factory | |
| US Expansion | Mid West, | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Steam Brothers | |
| The Closet Factory | |
| Franchise Fee | |
| Steam Brothers | |
| The Closet Factory | |
| Royalty Fee | |
| Steam Brothers | 5-6.5% |
| The Closet Factory | 5.75% |
| Advertising Fee | |
| Steam Brothers | |
| The Closet Factory | |
| Year Founded | |
| Steam Brothers | 1977 |
| The Closet Factory | 1983 |
| Year Franchised | |
| Steam Brothers | 1984 |
| The Closet Factory | 1986 |
| Term Of Agreement | |
| Steam Brothers | 10 years |
| The Closet Factory | 5 years |
| Renewal Fee | |
| Steam Brothers | $1K |
| The Closet Factory | $7K |
Business Experience Requirements |
|
| Experience | |
| Steam Brothers | |
| The Closet Factory | General business experience Marketing skills People skills |
Financing Options |
|
| Franchise Fees | |
| Steam Brothers | No |
| The Closet Factory | No |
| Start-up Costs | |
| Steam Brothers | |
| The Closet Factory | |
| Equipment | |
| Steam Brothers} | |
| The Closet Factory | |
| Inventory | |
| Steam Brothers | |
| The Closet Factory | |
| Receivables | |
| Steam Brothers | |
| The Closet Factory | |
| Payroll | |
| Steam Brothers | |
| The Closet Factory | |
Training & Support |
|
| Training | |
| Steam Brothers | |
| The Closet Factory | |
| Support | |
| Steam Brothers | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Steam Brothers | Ad slicks |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Steam Brothers | Franchise can be run from home. 2% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| 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 | |
| Steam Brothers | Mid West, |
| The Closet Factory | |
| Canada Expansion | |
| Steam Brothers | |
| The Closet Factory | |
| International Expansion | |
| Steam Brothers | |
| The Closet Factory | |