Start-Up Costs and Fees |
||
| The Closet Factory | Refresh Renovations | |
| Investment | 208500 - 356000 | 128927 - 189977 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.75% | |
| Advertising Fee | ||
| Year Founded | 1983 | 2018 |
| Year Franchised | 1986 | 2019 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Closet Factory | Refresh Renovations | |
| Experience | General business experience Marketing skills People skills | |
Financing Options |
||
| The Closet Factory | Refresh Renovations | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| The Closet Factory | Refresh Renovations | |
| 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 | Refresh Renovations | |
| 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 | |
| Refresh Renovations | |
| Franchise Fee | |
| The Closet Factory | |
| Refresh Renovations | |
| Royalty Fee | |
| The Closet Factory | 5.75% |
| Refresh Renovations | |
| Advertising Fee | |
| The Closet Factory | |
| Refresh Renovations | |
| Year Founded | |
| The Closet Factory | 1983 |
| Refresh Renovations | 2018 |
| Year Franchised | |
| The Closet Factory | 1986 |
| Refresh Renovations | 2019 |
| Term Of Agreement | |
| The Closet Factory | 5 years |
| Refresh Renovations | |
| Renewal Fee | |
| The Closet Factory | $7K |
| Refresh Renovations | |
Business Experience Requirements |
|
| Experience | |
| The Closet Factory | General business experience Marketing skills People skills |
| Refresh Renovations | |
Financing Options |
|
| Franchise Fees | |
| The Closet Factory | No |
| Refresh Renovations | No |
| Start-up Costs | |
| The Closet Factory | |
| Refresh Renovations | |
| Equipment | |
| The Closet Factory} | |
| Refresh Renovations | |
| Inventory | |
| The Closet Factory | |
| Refresh Renovations | |
| Receivables | |
| The Closet Factory | |
| Refresh Renovations | |
| Payroll | |
| The Closet Factory | |
| Refresh Renovations | |
Training & Support |
|
| Training | |
| The Closet Factory | |
| Refresh Renovations | |
| Support | |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Refresh Renovations | |
| Marketing | |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| Refresh Renovations | |
| 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) |
| Refresh Renovations | |
Expansion Plans |
|
| US Expansion | |
| The Closet Factory | |
| Refresh Renovations | 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 | |
| Refresh Renovations | |
| International Expansion | |
| The Closet Factory | |
| Refresh Renovations | |