Start-Up Costs and Fees |
||
| The Closet Factory | The Patch Boys | |
| Investment | 208500 - 356000 | 48900 - 75900 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.75% | 7% |
| Advertising Fee | 2% | |
| Year Founded | 1983 | 2008 |
| Year Franchised | 1986 | 2015 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Closet Factory | The Patch Boys | |
| Experience | General business experience Marketing skills People skills | *Strong Sales and Client Service Abilities *Good with Timing and Schedule Management *High Personal Standards *Able to Meet Initial Investment Requirements *Strong Sense of Integrity in Corporate and Client Relationships *A Willingness and Commitment to Excellent Service Targeted experiences for potential franchise owners include: *Franchise Operations or Retail Service Industry Experience *Business Owner and/or Managerial Experience *Husband and Wife entrepreneurial team who want to start a business |
Financing Options |
||
| The Closet Factory | The Patch Boys | |
| 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 | The Patch Boys | |
| Training | We provide full training and support at our headquarters in NY ( takes 4-6 days) | |
| 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 | The Patch Boys | |
| 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Closet Factory | |
| The Patch Boys | |
| Franchise Fee | |
| The Closet Factory | |
| The Patch Boys | |
| Royalty Fee | |
| The Closet Factory | 5.75% |
| The Patch Boys | 7% |
| Advertising Fee | |
| The Closet Factory | |
| The Patch Boys | 2% |
| Year Founded | |
| The Closet Factory | 1983 |
| The Patch Boys | 2008 |
| Year Franchised | |
| The Closet Factory | 1986 |
| The Patch Boys | 2015 |
| Term Of Agreement | |
| The Closet Factory | 5 years |
| The Patch Boys | |
| Renewal Fee | |
| The Closet Factory | $7K |
| The Patch Boys | |
Business Experience Requirements |
|
| Experience | |
| The Closet Factory | General business experience Marketing skills People skills |
| The Patch Boys | *Strong Sales and Client Service Abilities *Good with Timing and Schedule Management *High Personal Standards *Able to Meet Initial Investment Requirements *Strong Sense of Integrity in Corporate and Client Relationships *A Willingness and Commitment to Excellent Service Targeted experiences for potential franchise owners include: *Franchise Operations or Retail Service Industry Experience *Business Owner and/or Managerial Experience *Husband and Wife entrepreneurial team who want to start a business |
Financing Options |
|
| Franchise Fees | |
| The Closet Factory | No |
| The Patch Boys | No |
| Start-up Costs | |
| The Closet Factory | |
| The Patch Boys | |
| Equipment | |
| The Closet Factory} | |
| The Patch Boys | |
| Inventory | |
| The Closet Factory | |
| The Patch Boys | |
| Receivables | |
| The Closet Factory | |
| The Patch Boys | |
| Payroll | |
| The Closet Factory | |
| The Patch Boys | |
Training & Support |
|
| Training | |
| The Closet Factory | |
| The Patch Boys | We provide full training and support at our headquarters in NY ( takes 4-6 days) |
| Support | |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| The Patch Boys | |
| Marketing | |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| The Patch Boys | |
| 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) |
| The Patch Boys | |
Expansion Plans |
|
| US Expansion | |
| The Closet Factory | |
| The Patch Boys | 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 | |
| The Patch Boys | 0 |
| International Expansion | |
| The Closet Factory | |
| The Patch Boys | |