Start-Up Costs and Fees |
||
| The Closet Factory | Basement Living Systems USA | |
| Investment | 208500 - 356000 | 190000 - 320000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.75% | 4% |
| Advertising Fee | 1% | |
| Year Founded | 1983 | 1953 |
| Year Franchised | 1986 | 2008 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Closet Factory | Basement Living Systems USA | |
| Experience | General business experience Marketing skills People skills | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
Financing Options |
||
| The Closet Factory | Basement Living Systems USA | |
| 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 | Basement Living Systems USA | |
| 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 | Co-op advertising, Ad slicks, National media, Regional advertising | Marketing materials are created and available |
| 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 |
||
| The Closet Factory | Basement Living Systems USA | |
| 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 | |
| The Closet Factory | |
| Basement Living Systems USA | |
| Franchise Fee | |
| The Closet Factory | |
| Basement Living Systems USA | |
| Royalty Fee | |
| The Closet Factory | 5.75% |
| Basement Living Systems USA | 4% |
| Advertising Fee | |
| The Closet Factory | |
| Basement Living Systems USA | 1% |
| Year Founded | |
| The Closet Factory | 1983 |
| Basement Living Systems USA | 1953 |
| Year Franchised | |
| The Closet Factory | 1986 |
| Basement Living Systems USA | 2008 |
| Term Of Agreement | |
| The Closet Factory | 5 years |
| Basement Living Systems USA | 5 years +5+5+5 |
| Renewal Fee | |
| The Closet Factory | $7K |
| Basement Living Systems USA | $5,000 |
Business Experience Requirements |
|
| Experience | |
| The Closet Factory | General business experience Marketing skills People skills |
| Basement Living Systems USA | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
Financing Options |
|
| Franchise Fees | |
| The Closet Factory | No |
| Basement Living Systems USA | No |
| Start-up Costs | |
| The Closet Factory | |
| Basement Living Systems USA | |
| Equipment | |
| The Closet Factory} | |
| Basement Living Systems USA | |
| Inventory | |
| The Closet Factory | |
| Basement Living Systems USA | |
| Receivables | |
| The Closet Factory | |
| Basement Living Systems USA | |
| Payroll | |
| The Closet Factory | |
| Basement Living Systems USA | |
Training & Support |
|
| Training | |
| The Closet Factory | |
| Basement Living Systems USA | Initial one week orientation and ongoing |
| Support | |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Basement Living Systems USA | |
| Marketing | |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| Basement Living Systems USA | Marketing materials are created and available |
| 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) |
| Basement Living Systems USA | |
Expansion Plans |
|
| US Expansion | |
| The Closet Factory | |
| 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 |
| Canada Expansion | |
| The Closet Factory | |
| Basement Living Systems USA | |
| International Expansion | |
| The Closet Factory | |
| Basement Living Systems USA | |