Start-Up Costs and Fees |
||
| The Closet Factory | PERMA-DRY Systems | |
| Investment | 208500 - 356000 | 180000 - 999999 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.75% | 5% |
| Advertising Fee | ||
| Year Founded | 1983 | 1980 |
| Year Franchised | 1986 | 1990 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Closet Factory | PERMA-DRY Systems | |
| Experience | General business experience Marketing skills People skills | |
Financing Options |
||
| The Closet Factory | PERMA-DRY Systems | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| The Closet Factory | PERMA-DRY Systems | |
| Training | Headquarters in Dartmouth, NS 2 Weeks | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Central Data Processing Field Operation Evaluation Field Training Franchisee Newsletter Regional or National Meetings 800 Telephone Hotline |
| 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) | Average Number of Employees: 1 Full-time, 1 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
||
| The Closet Factory | PERMA-DRY Systems | |
| 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 | Canada, United Kingdom |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Closet Factory | |
| PERMA-DRY Systems | |
| Franchise Fee | |
| The Closet Factory | |
| PERMA-DRY Systems | |
| Royalty Fee | |
| The Closet Factory | 5.75% |
| PERMA-DRY Systems | 5% |
| Advertising Fee | |
| The Closet Factory | |
| PERMA-DRY Systems | |
| Year Founded | |
| The Closet Factory | 1983 |
| PERMA-DRY Systems | 1980 |
| Year Franchised | |
| The Closet Factory | 1986 |
| PERMA-DRY Systems | 1990 |
| Term Of Agreement | |
| The Closet Factory | 5 years |
| PERMA-DRY Systems | 5 years +5 |
| Renewal Fee | |
| The Closet Factory | $7K |
| PERMA-DRY Systems | |
Business Experience Requirements |
|
| Experience | |
| The Closet Factory | General business experience Marketing skills People skills |
| PERMA-DRY Systems | |
Financing Options |
|
| Franchise Fees | |
| The Closet Factory | No |
| PERMA-DRY Systems | No |
| Start-up Costs | |
| The Closet Factory | |
| PERMA-DRY Systems | |
| Equipment | |
| The Closet Factory} | |
| PERMA-DRY Systems | |
| Inventory | |
| The Closet Factory | |
| PERMA-DRY Systems | |
| Receivables | |
| The Closet Factory | |
| PERMA-DRY Systems | |
| Payroll | |
| The Closet Factory | |
| PERMA-DRY Systems | |
Training & Support |
|
| Training | |
| The Closet Factory | |
| PERMA-DRY Systems | Headquarters in Dartmouth, NS 2 Weeks |
| Support | |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| PERMA-DRY Systems | Central Data Processing Field Operation Evaluation Field Training Franchisee Newsletter Regional or National Meetings 800 Telephone Hotline |
| Marketing | |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| PERMA-DRY Systems | |
| 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) |
| PERMA-DRY Systems | Average Number of Employees: 1 Full-time, 1 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
|
| US Expansion | |
| The Closet Factory | |
| PERMA-DRY Systems | 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 | |
| PERMA-DRY Systems | |
| International Expansion | |
| The Closet Factory | |
| PERMA-DRY Systems | Canada, United Kingdom |