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