Start-Up Costs and Fees |
||
| The Closet Factory | Ready Decks | |
| Investment | 208500 - 356000 | 144000 - 213000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.75% | 5% |
| Advertising Fee | ||
| Year Founded | 1983 | 2001 |
| Year Franchised | 1986 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Closet Factory | Ready Decks | |
| Experience | General business experience Marketing skills People skills | |
Financing Options |
||
| The Closet Factory | Ready Decks | |
| 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 | Ready Decks | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: 1 week | |
| 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) | * Franchise can be run from home * Number of employees needed to run franchised unit: 2 * Absentee ownership of franchise is NOT allowed. |
Expansion Plans |
||
| The Closet Factory | Ready Decks | |
| 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 | |
| Ready Decks | |
| Franchise Fee | |
| The Closet Factory | |
| Ready Decks | |
| Royalty Fee | |
| The Closet Factory | 5.75% |
| Ready Decks | 5% |
| Advertising Fee | |
| The Closet Factory | |
| Ready Decks | |
| Year Founded | |
| The Closet Factory | 1983 |
| Ready Decks | 2001 |
| Year Franchised | |
| The Closet Factory | 1986 |
| Ready Decks | 2005 |
| Term Of Agreement | |
| The Closet Factory | 5 years |
| Ready Decks | 10 years |
| Renewal Fee | |
| The Closet Factory | $7K |
| Ready Decks | $14,500 |
Business Experience Requirements |
|
| Experience | |
| The Closet Factory | General business experience Marketing skills People skills |
| Ready Decks | |
Financing Options |
|
| Franchise Fees | |
| The Closet Factory | No |
| Ready Decks | No |
| Start-up Costs | |
| The Closet Factory | |
| Ready Decks | |
| Equipment | |
| The Closet Factory} | |
| Ready Decks | |
| Inventory | |
| The Closet Factory | |
| Ready Decks | |
| Receivables | |
| The Closet Factory | |
| Ready Decks | |
| Payroll | |
| The Closet Factory | |
| Ready Decks | |
Training & Support |
|
| Training | |
| The Closet Factory | |
| Ready Decks | * Available at headquarters: 2 weeks * At franchisee's location: 1 week |
| Support | |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Ready Decks | |
| Marketing | |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| Ready Decks | |
| 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) |
| Ready Decks | * Franchise can be run from home * Number of employees needed to run franchised unit: 2 * Absentee ownership of franchise is NOT allowed. |
Expansion Plans |
|
| US Expansion | |
| The Closet Factory | |
| Ready Decks | 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 | |
| Ready Decks | |
| International Expansion | |
| The Closet Factory | |
| Ready Decks | |