Start-Up Costs and Fees |
||
| Closet Factory | Basement Living Systems USA | |
| Investment | 208500 - 356000 | 190000 - 320000 |
| Franchise Fee | ||
| Royalty Fee | 6.75% | 4% |
| Advertising Fee | 1% | |
| Year Founded | 1983 | 1953 |
| Year Franchised | 1985 | 2008 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Closet Factory | Basement Living Systems USA | |
| Experience | You are not required to have closet industry experience or even know how to use a hammer. Experience managing a business successfully or having a background in sales, management or marketing can be helpful. Closet Factory requires that the franchisee participate in the day-to-day management of the business; this is not an absentee ownership business. | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
Financing Options |
||
| Closet Factory | Basement Living Systems USA | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Closet Factory | Basement Living Systems USA | |
| Training | Closet Factory provides you with a total of six weeks of training for you and your staff. Two weeks of franchisee training are provided at our corporate offices. During the grand opening of your location, our sales trainer will provide you and your staff with two weeks of on-site sales, design, and administrative training. In addition, our operations trainer will spend two weeks guiding the setup of your factory and training you and your operations staff basic in manufacturing and installation. You will be provided our entire library of training materials and have access to additional resources designed to enhance the performance of the business, including ClosetWare, our proprietary master control software that is used to run each element of a Closet Factory business. On-The-Job Training: 160 hours Classroom Training: 80 hours | Initial one week orientation and ongoing |
| Support | Our corporate staff guides and assists you as you need it. Our in-house graphics department advertising campaigns maintain the Closet Factory brand image. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Marketing materials are created and available |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 6 | |
Expansion Plans |
||
| 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 | |
| Closet Factory | |
| Basement Living Systems USA | |
| Franchise Fee | |
| Closet Factory | |
| Basement Living Systems USA | |
| Royalty Fee | |
| Closet Factory | 6.75% |
| Basement Living Systems USA | 4% |
| Advertising Fee | |
| Closet Factory | |
| Basement Living Systems USA | 1% |
| Year Founded | |
| Closet Factory | 1983 |
| Basement Living Systems USA | 1953 |
| Year Franchised | |
| Closet Factory | 1985 |
| Basement Living Systems USA | 2008 |
| Term Of Agreement | |
| Closet Factory | |
| Basement Living Systems USA | 5 years +5+5+5 |
| Renewal Fee | |
| Closet Factory | |
| Basement Living Systems USA | $5,000 |
Business Experience Requirements |
|
| Experience | |
| Closet Factory | You are not required to have closet industry experience or even know how to use a hammer. Experience managing a business successfully or having a background in sales, management or marketing can be helpful. Closet Factory requires that the franchisee participate in the day-to-day management of the business; this is not an absentee ownership business. |
| Basement Living Systems USA | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
Financing Options |
|
| Franchise Fees | |
| Closet Factory | |
| Basement Living Systems USA | |
| Start-up Costs | |
| Closet Factory | |
| Basement Living Systems USA | |
| Equipment | |
| Closet Factory} | |
| Basement Living Systems USA | |
| Inventory | |
| Closet Factory | |
| Basement Living Systems USA | |
| Receivables | |
| Closet Factory | |
| Basement Living Systems USA | |
| Payroll | |
| Closet Factory | |
| Basement Living Systems USA | |
Training & Support |
|
| Training | |
| Closet Factory | Closet Factory provides you with a total of six weeks of training for you and your staff. Two weeks of franchisee training are provided at our corporate offices. During the grand opening of your location, our sales trainer will provide you and your staff with two weeks of on-site sales, design, and administrative training. In addition, our operations trainer will spend two weeks guiding the setup of your factory and training you and your operations staff basic in manufacturing and installation. You will be provided our entire library of training materials and have access to additional resources designed to enhance the performance of the business, including ClosetWare, our proprietary master control software that is used to run each element of a Closet Factory business. On-The-Job Training: 160 hours Classroom Training: 80 hours |
| Basement Living Systems USA | Initial one week orientation and ongoing |
| Support | |
| Closet Factory | Our corporate staff guides and assists you as you need it. Our in-house graphics department advertising campaigns maintain the Closet Factory brand image. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Basement Living Systems USA | |
| Marketing | |
| Closet Factory | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Basement Living Systems USA | Marketing materials are created and available |
| Operations | |
| Closet Factory | Absentee Ownership Allowed Number of Employees Required to Run: 6 |
| Basement Living Systems USA | |
Expansion Plans |
|
| US Expansion | |
| 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 | |
| Closet Factory | |
| Basement Living Systems USA | |
| International Expansion | |
| Closet Factory | |
| Basement Living Systems USA | |