Start-Up Costs and Fees |
||
| The Closet Factory | Surface Specialists | |
| Investment | 208500 - 356000 | 43200 - 56000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.75% | 5% |
| Advertising Fee | ||
| Year Founded | 1983 | 1981 |
| Year Franchised | 1986 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Closet Factory | Surface Specialists | |
| Experience | General business experience Marketing skills People skills | Industry experience General business experience Marketing skills (qualifications helpful but not required) |
Financing Options |
||
| The Closet Factory | Surface Specialists | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| The Closet Factory | Surface Specialists | |
| Training | On-The-Job Training: 57-73 hours Classroom Training: 23 hours Follow-up training available at franchisee's location | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Ad Templates Social media SEO Website development |
| 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) | Franchise can be run from home. 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| The Closet Factory | Surface Specialists | |
| 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 | |
| Surface Specialists | |
| Franchise Fee | |
| The Closet Factory | |
| Surface Specialists | |
| Royalty Fee | |
| The Closet Factory | 5.75% |
| Surface Specialists | 5% |
| Advertising Fee | |
| The Closet Factory | |
| Surface Specialists | |
| Year Founded | |
| The Closet Factory | 1983 |
| Surface Specialists | 1981 |
| Year Franchised | |
| The Closet Factory | 1986 |
| Surface Specialists | 1982 |
| Term Of Agreement | |
| The Closet Factory | 5 years |
| Surface Specialists | 10 years |
| Renewal Fee | |
| The Closet Factory | $7K |
| Surface Specialists | |
Business Experience Requirements |
|
| Experience | |
| The Closet Factory | General business experience Marketing skills People skills |
| Surface Specialists | Industry experience General business experience Marketing skills (qualifications helpful but not required) |
Financing Options |
|
| Franchise Fees | |
| The Closet Factory | No |
| Surface Specialists | No |
| Start-up Costs | |
| The Closet Factory | |
| Surface Specialists | |
| Equipment | |
| The Closet Factory} | |
| Surface Specialists | |
| Inventory | |
| The Closet Factory | |
| Surface Specialists | |
| Receivables | |
| The Closet Factory | |
| Surface Specialists | |
| Payroll | |
| The Closet Factory | |
| Surface Specialists | |
Training & Support |
|
| Training | |
| The Closet Factory | |
| Surface Specialists | On-The-Job Training: 57-73 hours Classroom Training: 23 hours Follow-up training available at franchisee's location |
| Support | |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Surface Specialists | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Franchisee Intranet Platform |
| Marketing | |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| Surface Specialists | Ad Templates Social media SEO Website development |
| 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) |
| Surface Specialists | Franchise can be run from home. 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| The Closet Factory | |
| Surface Specialists | 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 | |
| Surface Specialists | 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 | |
| Surface Specialists | |