Start-Up Costs and Fees |
||
| The Closet Factory | HomePros | |
| Investment | 208500 - 356000 | 101285 - 143475 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 5.75% | 7% |
| Advertising Fee | ||
| Year Founded | 1983 | 2001 |
| Year Franchised | 1986 | 2002 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Closet Factory | HomePros | |
| Experience | General business experience Marketing skills People skills | Industry experience General business experience Basic home repair skills |
Financing Options |
||
| The Closet Factory | HomePros | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| The Closet Factory | HomePros | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Ad slicks |
| 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. 28% 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 |
||
| The Closet Factory | HomePros | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, West Virginia, Wyoming, | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Closet Factory | |
| HomePros | |
| Franchise Fee | |
| The Closet Factory | |
| HomePros | |
| Royalty Fee | |
| The Closet Factory | 5.75% |
| HomePros | 7% |
| Advertising Fee | |
| The Closet Factory | |
| HomePros | |
| Year Founded | |
| The Closet Factory | 1983 |
| HomePros | 2001 |
| Year Franchised | |
| The Closet Factory | 1986 |
| HomePros | 2002 |
| Term Of Agreement | |
| The Closet Factory | 5 years |
| HomePros | 5 years |
| Renewal Fee | |
| The Closet Factory | $7K |
| HomePros | |
Business Experience Requirements |
|
| Experience | |
| The Closet Factory | General business experience Marketing skills People skills |
| HomePros | Industry experience General business experience Basic home repair skills |
Financing Options |
|
| Franchise Fees | |
| The Closet Factory | No |
| HomePros | No |
| Start-up Costs | |
| The Closet Factory | |
| HomePros | |
| Equipment | |
| The Closet Factory} | |
| HomePros | |
| Inventory | |
| The Closet Factory | |
| HomePros | |
| Receivables | |
| The Closet Factory | |
| HomePros | |
| Payroll | |
| The Closet Factory | |
| HomePros | |
Training & Support |
|
| Training | |
| The Closet Factory | |
| HomePros | |
| Support | |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| HomePros | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations |
| Marketing | |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| HomePros | Ad slicks |
| 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) |
| HomePros | Franchise can be run from home. 28% 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 | |
| The Closet Factory | |
| HomePros | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | |
| The Closet Factory | |
| HomePros | |
| International Expansion | |
| The Closet Factory | |
| HomePros | |