Start-Up Costs and Fees |
||
| The Closet Factory | Stone Age Coatings | |
| Investment | 208500 - 356000 | 60000 - 60000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.75% | |
| Advertising Fee | ||
| Year Founded | 1983 | 2007 |
| Year Franchised | 1986 | 2009 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Closet Factory | Stone Age Coatings | |
| Experience | General business experience Marketing skills People skills | |
Financing Options |
||
| The Closet Factory | Stone Age Coatings | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| The Closet Factory | Stone Age Coatings | |
| Training | Initial two weeks plus ongoing | |
| 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 | Stone Age Coatings | |
| 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Closet Factory | |
| Stone Age Coatings | |
| Franchise Fee | |
| The Closet Factory | |
| Stone Age Coatings | |
| Royalty Fee | |
| The Closet Factory | 5.75% |
| Stone Age Coatings | |
| Advertising Fee | |
| The Closet Factory | |
| Stone Age Coatings | |
| Year Founded | |
| The Closet Factory | 1983 |
| Stone Age Coatings | 2007 |
| Year Franchised | |
| The Closet Factory | 1986 |
| Stone Age Coatings | 2009 |
| Term Of Agreement | |
| The Closet Factory | 5 years |
| Stone Age Coatings | |
| Renewal Fee | |
| The Closet Factory | $7K |
| Stone Age Coatings | |
Business Experience Requirements |
|
| Experience | |
| The Closet Factory | General business experience Marketing skills People skills |
| Stone Age Coatings | |
Financing Options |
|
| Franchise Fees | |
| The Closet Factory | No |
| Stone Age Coatings | No |
| Start-up Costs | |
| The Closet Factory | |
| Stone Age Coatings | |
| Equipment | |
| The Closet Factory} | |
| Stone Age Coatings | |
| Inventory | |
| The Closet Factory | |
| Stone Age Coatings | |
| Receivables | |
| The Closet Factory | |
| Stone Age Coatings | |
| Payroll | |
| The Closet Factory | |
| Stone Age Coatings | |
Training & Support |
|
| Training | |
| The Closet Factory | |
| Stone Age Coatings | Initial two weeks plus ongoing |
| Support | |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Stone Age Coatings | |
| Marketing | |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| Stone Age Coatings | |
| 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) |
| Stone Age Coatings | |
Expansion Plans |
|
| US Expansion | |
| The Closet Factory | |
| Stone Age Coatings | 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 | |
| Stone Age Coatings | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| The Closet Factory | |
| Stone Age Coatings | |