Start-Up Costs and Fees |
||
| The Closet Factory | PatchMaster | |
| Investment | 208500 - 356000 | 27950 - 49800 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.75% | 9%-5% |
| Advertising Fee | 1% | |
| Year Founded | 1983 | 2016 |
| Year Franchised | 1986 | 2017 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Closet Factory | PatchMaster | |
| Experience | General business experience Marketing skills People skills | |
Financing Options |
||
| The Closet Factory | PatchMaster | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| The Closet Factory | PatchMaster | |
| 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 | PatchMaster | |
| 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 | |
| PatchMaster | |
| Franchise Fee | |
| The Closet Factory | |
| PatchMaster | |
| Royalty Fee | |
| The Closet Factory | 5.75% |
| PatchMaster | 9%-5% |
| Advertising Fee | |
| The Closet Factory | |
| PatchMaster | 1% |
| Year Founded | |
| The Closet Factory | 1983 |
| PatchMaster | 2016 |
| Year Franchised | |
| The Closet Factory | 1986 |
| PatchMaster | 2017 |
| Term Of Agreement | |
| The Closet Factory | 5 years |
| PatchMaster | |
| Renewal Fee | |
| The Closet Factory | $7K |
| PatchMaster | |
Business Experience Requirements |
|
| Experience | |
| The Closet Factory | General business experience Marketing skills People skills |
| PatchMaster | |
Financing Options |
|
| Franchise Fees | |
| The Closet Factory | No |
| PatchMaster | No |
| Start-up Costs | |
| The Closet Factory | |
| PatchMaster | |
| Equipment | |
| The Closet Factory} | |
| PatchMaster | |
| Inventory | |
| The Closet Factory | |
| PatchMaster | |
| Receivables | |
| The Closet Factory | |
| PatchMaster | |
| Payroll | |
| The Closet Factory | |
| PatchMaster | |
Training & Support |
|
| Training | |
| The Closet Factory | |
| PatchMaster | |
| Support | |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| PatchMaster | |
| Marketing | |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| PatchMaster | |
| 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) |
| PatchMaster | |
Expansion Plans |
|
| US Expansion | |
| The Closet Factory | |
| PatchMaster | 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 | |
| PatchMaster | |
| International Expansion | |
| The Closet Factory | |
| PatchMaster | |