Start-Up Costs and Fees |
||
| The Closet Factory | BrandPoint Services | |
| Investment | 208500 - 356000 | 0 - 0 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.75% | |
| Advertising Fee | ||
| Year Founded | 1983 | 0 |
| Year Franchised | 1986 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Closet Factory | BrandPoint Services | |
| Experience | General business experience Marketing skills People skills | |
Financing Options |
||
| The Closet Factory | BrandPoint Services | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| The Closet Factory | BrandPoint Services | |
| Training | ||
| 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 | |
| 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 | BrandPoint Services | |
| 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Closet Factory | |
| BrandPoint Services | |
| Franchise Fee | |
| The Closet Factory | |
| BrandPoint Services | |
| Royalty Fee | |
| The Closet Factory | 5.75% |
| BrandPoint Services | |
| Advertising Fee | |
| The Closet Factory | |
| BrandPoint Services | |
| Year Founded | |
| The Closet Factory | 1983 |
| BrandPoint Services | 0 |
| Year Franchised | |
| The Closet Factory | 1986 |
| BrandPoint Services | 0 |
| Term Of Agreement | |
| The Closet Factory | 5 years |
| BrandPoint Services | |
| Renewal Fee | |
| The Closet Factory | $7K |
| BrandPoint Services | |
Business Experience Requirements |
|
| Experience | |
| The Closet Factory | General business experience Marketing skills People skills |
| BrandPoint Services | |
Financing Options |
|
| Franchise Fees | |
| The Closet Factory | No |
| BrandPoint Services | No |
| Start-up Costs | |
| The Closet Factory | |
| BrandPoint Services | |
| Equipment | |
| The Closet Factory} | |
| BrandPoint Services | |
| Inventory | |
| The Closet Factory | |
| BrandPoint Services | |
| Receivables | |
| The Closet Factory | |
| BrandPoint Services | |
| Payroll | |
| The Closet Factory | |
| BrandPoint Services | |
Training & Support |
|
| Training | |
| The Closet Factory | |
| BrandPoint Services | |
| Support | |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| BrandPoint Services | |
| Marketing | |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| BrandPoint Services | |
| 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) |
| BrandPoint Services | |
Expansion Plans |
|
| US Expansion | |
| The Closet Factory | |
| BrandPoint Services | 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 | |
| BrandPoint Services | 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 | |
| BrandPoint Services | |