Start-Up Costs and Fees |
||
| The Closet Factory | Next Day Access | |
| Investment | 208500 - 356000 | 103025 - 135200 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.75% | |
| Advertising Fee | ||
| Year Founded | 1983 | 0 |
| Year Franchised | 1986 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Closet Factory | Next Day Access | |
| Experience | General business experience Marketing skills People skills | |
Financing Options |
||
| The Closet Factory | Next Day Access | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| The Closet Factory | Next Day Access | |
| Training | ||
| 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 | Next Day Access | |
| 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 | |
| The Closet Factory | |
| Next Day Access | |
| Franchise Fee | |
| The Closet Factory | |
| Next Day Access | |
| Royalty Fee | |
| The Closet Factory | 5.75% |
| Next Day Access | |
| Advertising Fee | |
| The Closet Factory | |
| Next Day Access | |
| Year Founded | |
| The Closet Factory | 1983 |
| Next Day Access | 0 |
| Year Franchised | |
| The Closet Factory | 1986 |
| Next Day Access | 0 |
| Term Of Agreement | |
| The Closet Factory | 5 years |
| Next Day Access | |
| Renewal Fee | |
| The Closet Factory | $7K |
| Next Day Access | |
Business Experience Requirements |
|
| Experience | |
| The Closet Factory | General business experience Marketing skills People skills |
| Next Day Access | |
Financing Options |
|
| Franchise Fees | |
| The Closet Factory | No |
| Next Day Access | No |
| Start-up Costs | |
| The Closet Factory | |
| Next Day Access | |
| Equipment | |
| The Closet Factory} | |
| Next Day Access | |
| Inventory | |
| The Closet Factory | |
| Next Day Access | |
| Receivables | |
| The Closet Factory | |
| Next Day Access | |
| Payroll | |
| The Closet Factory | |
| Next Day Access | |
Training & Support |
|
| Training | |
| The Closet Factory | |
| Next Day Access | |
| Support | |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Next Day Access | |
| Marketing | |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| Next Day Access | |
| 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) |
| Next Day Access | |
Expansion Plans |
|
| US Expansion | |
| The Closet Factory | |
| Next Day Access | 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 | |
| Next Day Access | |
| International Expansion | |
| The Closet Factory | |
| Next Day Access | |