Start-Up Costs and Fees |
||
| CRATE | The Closet Factory | |
| Investment | 100424 - 177999 | 208500 - 356000 |
| Franchise Fee | 0 | |
| Royalty Fee | 2%-4% | 5.75% |
| Advertising Fee | $38,500 - $42,000 annually | |
| Year Founded | 2011 | 1983 |
| Year Franchised | 2015 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| CRATE | The Closet Factory | |
| Experience | We're looking to partner with motivated entrepreneurs who have liquid funds amounting to at least 150% of the figures listed in Item 7 of CRATE's Franchise Disclosure Document, and proper licensing. | General business experience Marketing skills People skills |
Financing Options |
||
| CRATE | The Closet Factory | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| CRATE | The Closet Factory | |
| Training | Ongoing | |
| Support | CRATE franchisees receive ongoing training and support with everything from lead screening, marketing, sales, project management, field implementation, and security/safety procedures. CRATE's 24/7 support team offers contractors the benefit of warmed up leads and setting up initial walk-throughs. | 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 | Our time-tested business model equips contractors with the necessary tools to offer a residential construction business which offers affordable remodeling for kitchens and bathrooms to customers wishing to implement a high-end renovation to an existing kitchen or bathroom layout. Our system is designed to maximized efficiency, as well as profit-per-workday. | 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 |
||
| CRATE | The Closet Factory | |
| US Expansion | Arizona, California, Nevada, Oregon | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| CRATE | |
| The Closet Factory | |
| Franchise Fee | |
| CRATE | |
| The Closet Factory | |
| Royalty Fee | |
| CRATE | 2%-4% |
| The Closet Factory | 5.75% |
| Advertising Fee | |
| CRATE | $38,500 - $42,000 annually |
| The Closet Factory | |
| Year Founded | |
| CRATE | 2011 |
| The Closet Factory | 1983 |
| Year Franchised | |
| CRATE | 2015 |
| The Closet Factory | 1986 |
| Term Of Agreement | |
| CRATE | |
| The Closet Factory | 5 years |
| Renewal Fee | |
| CRATE | |
| The Closet Factory | $7K |
Business Experience Requirements |
|
| Experience | |
| CRATE | We're looking to partner with motivated entrepreneurs who have liquid funds amounting to at least 150% of the figures listed in Item 7 of CRATE's Franchise Disclosure Document, and proper licensing. |
| The Closet Factory | General business experience Marketing skills People skills |
Financing Options |
|
| Franchise Fees | |
| CRATE | |
| The Closet Factory | |
| Start-up Costs | |
| CRATE | |
| The Closet Factory | |
| Equipment | |
| CRATE} | |
| The Closet Factory | |
| Inventory | |
| CRATE | |
| The Closet Factory | |
| Receivables | |
| CRATE | |
| The Closet Factory | |
| Payroll | |
| CRATE | |
| The Closet Factory | |
Training & Support |
|
| Training | |
| CRATE | Ongoing |
| The Closet Factory | |
| Support | |
| CRATE | CRATE franchisees receive ongoing training and support with everything from lead screening, marketing, sales, project management, field implementation, and security/safety procedures. CRATE's 24/7 support team offers contractors the benefit of warmed up leads and setting up initial walk-throughs. |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| CRATE | |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| CRATE | Our time-tested business model equips contractors with the necessary tools to offer a residential construction business which offers affordable remodeling for kitchens and bathrooms to customers wishing to implement a high-end renovation to an existing kitchen or bathroom layout. Our system is designed to maximized efficiency, as well as profit-per-workday. |
| 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) |
Expansion Plans |
|
| US Expansion | |
| CRATE | Arizona, California, Nevada, Oregon |
| The Closet Factory | |
| Canada Expansion | |
| CRATE | |
| The Closet Factory | |
| International Expansion | |
| CRATE | |
| The Closet Factory | |