Start-Up Costs and Fees |
||
| The Closet Factory | Floods4Less | |
| Investment | 208500 - 356000 | 155111 - 238210 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.75% | 8.50% |
| Advertising Fee | $200.00 per week or 3.5% | |
| Year Founded | 1983 | 0 |
| Year Franchised | 1986 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Closet Factory | Floods4Less | |
| Experience | General business experience Marketing skills People skills | *A strong work ethic and desire to succeed *Excellent customer service skills *Sales experience *Financial requirements to launch and sustain the business *Hold, or be able to obtain, the necessary contractor's license |
Financing Options |
||
| The Closet Factory | Floods4Less | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| The Closet Factory | Floods4Less | |
| Training | We will provide the training you need to be successful in every aspect of running your Floods4Less business. | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Once you are operational, you can rely on on-site and remote support, plus ongoing developments in new products, services and trends. |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | We will provide cost effective and targeted materials you need to get the Floods4Less name and brand in front of insurance companies, homeowners and other potential clients. Our name and reputation are yours to leverage as you endeavor to be included on the preferred vendor lists used by local insurance professionals and individual policy holders. |
| 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 | Floods4Less | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Closet Factory | |
| Floods4Less | |
| Franchise Fee | |
| The Closet Factory | |
| Floods4Less | |
| Royalty Fee | |
| The Closet Factory | 5.75% |
| Floods4Less | 8.50% |
| Advertising Fee | |
| The Closet Factory | |
| Floods4Less | $200.00 per week or 3.5% |
| Year Founded | |
| The Closet Factory | 1983 |
| Floods4Less | 0 |
| Year Franchised | |
| The Closet Factory | 1986 |
| Floods4Less | 0 |
| Term Of Agreement | |
| The Closet Factory | 5 years |
| Floods4Less | |
| Renewal Fee | |
| The Closet Factory | $7K |
| Floods4Less | |
Business Experience Requirements |
|
| Experience | |
| The Closet Factory | General business experience Marketing skills People skills |
| Floods4Less | *A strong work ethic and desire to succeed *Excellent customer service skills *Sales experience *Financial requirements to launch and sustain the business *Hold, or be able to obtain, the necessary contractor's license |
Financing Options |
|
| Franchise Fees | |
| The Closet Factory | No |
| Floods4Less | No |
| Start-up Costs | |
| The Closet Factory | |
| Floods4Less | |
| Equipment | |
| The Closet Factory} | |
| Floods4Less | |
| Inventory | |
| The Closet Factory | |
| Floods4Less | |
| Receivables | |
| The Closet Factory | |
| Floods4Less | |
| Payroll | |
| The Closet Factory | |
| Floods4Less | |
Training & Support |
|
| Training | |
| The Closet Factory | |
| Floods4Less | We will provide the training you need to be successful in every aspect of running your Floods4Less business. |
| Support | |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Floods4Less | Once you are operational, you can rely on on-site and remote support, plus ongoing developments in new products, services and trends. |
| Marketing | |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| Floods4Less | We will provide cost effective and targeted materials you need to get the Floods4Less name and brand in front of insurance companies, homeowners and other potential clients. Our name and reputation are yours to leverage as you endeavor to be included on the preferred vendor lists used by local insurance professionals and individual policy holders. |
| 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) |
| Floods4Less | |
Expansion Plans |
|
| US Expansion | |
| The Closet Factory | |
| Floods4Less | |
| Canada Expansion | |
| The Closet Factory | |
| Floods4Less | |
| International Expansion | |
| The Closet Factory | |
| Floods4Less | |