Start-Up Costs and Fees |
||
| The Closet Factory | American Leak Detection | |
| Investment | 208500 - 356000 | 76755 - 259550 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 5.75% | 6-10% |
| Advertising Fee | ||
| Year Founded | 1983 | 1974 |
| Year Franchised | 1986 | 1984 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Closet Factory | American Leak Detection | |
| Experience | General business experience Marketing skills People skills | General business experience Marketing skills |
Financing Options |
||
| The Closet Factory | American Leak Detection | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| The Closet Factory | American Leak Detection | |
| Training | On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: Annual convention | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op Advertising National Media Regional Advertising SEO Website development |
| 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) | Franchise can be run from home. International franchisees required to buy multiple units/master licenses; 7% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| The Closet Factory | American Leak Detection | |
| US Expansion | ||
| Canada Expansion | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion | Australia/New Zealand, Canada, Central America, Eastern Europe, Japan, Mexico, South America, Western Europe, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Closet Factory | |
| American Leak Detection | |
| Franchise Fee | |
| The Closet Factory | |
| American Leak Detection | |
| Royalty Fee | |
| The Closet Factory | 5.75% |
| American Leak Detection | 6-10% |
| Advertising Fee | |
| The Closet Factory | |
| American Leak Detection | |
| Year Founded | |
| The Closet Factory | 1983 |
| American Leak Detection | 1974 |
| Year Franchised | |
| The Closet Factory | 1986 |
| American Leak Detection | 1984 |
| Term Of Agreement | |
| The Closet Factory | 5 years |
| American Leak Detection | 10 years |
| Renewal Fee | |
| The Closet Factory | $7K |
| American Leak Detection | |
Business Experience Requirements |
|
| Experience | |
| The Closet Factory | General business experience Marketing skills People skills |
| American Leak Detection | General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| The Closet Factory | No |
| American Leak Detection | No |
| Start-up Costs | |
| The Closet Factory | |
| American Leak Detection | |
| Equipment | |
| The Closet Factory} | |
| American Leak Detection | |
| Inventory | |
| The Closet Factory | |
| American Leak Detection | |
| Receivables | |
| The Closet Factory | |
| American Leak Detection | |
| Payroll | |
| The Closet Factory | |
| American Leak Detection | |
Training & Support |
|
| Training | |
| The Closet Factory | |
| American Leak Detection | On-The-Job Training: 40 hours Classroom Training: 40 hours Additional Training: Annual convention |
| Support | |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| American Leak Detection | Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| American Leak Detection | Co-op Advertising National Media Regional Advertising SEO Website development |
| Operations | |
| 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) |
| American Leak Detection | Franchise can be run from home. International franchisees required to buy multiple units/master licenses; 7% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| The Closet Factory | |
| American Leak Detection | |
| Canada Expansion | |
| The Closet Factory | |
| American Leak Detection | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| The Closet Factory | |
| American Leak Detection | Australia/New Zealand, Canada, Central America, Eastern Europe, Japan, Mexico, South America, Western Europe, |