Start-Up Costs and Fees |
||
| The Closet Factory | The Grout Medic | |
| Investment | 208500 - 356000 | 24675 - 57950 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.75% | 5%-10% |
| Advertising Fee | $75/month | |
| Year Founded | 1983 | 1997 |
| Year Franchised | 1986 | 2001 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Closet Factory | The Grout Medic | |
| Experience | General business experience Marketing skills People skills | |
Financing Options |
||
| The Closet Factory | The Grout Medic | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| The Closet Factory | The Grout Medic | |
| 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 | The Grout Medic | |
| 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, | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Closet Factory | |
| The Grout Medic | |
| Franchise Fee | |
| The Closet Factory | |
| The Grout Medic | |
| Royalty Fee | |
| The Closet Factory | 5.75% |
| The Grout Medic | 5%-10% |
| Advertising Fee | |
| The Closet Factory | |
| The Grout Medic | $75/month |
| Year Founded | |
| The Closet Factory | 1983 |
| The Grout Medic | 1997 |
| Year Franchised | |
| The Closet Factory | 1986 |
| The Grout Medic | 2001 |
| Term Of Agreement | |
| The Closet Factory | 5 years |
| The Grout Medic | 7 years |
| Renewal Fee | |
| The Closet Factory | $7K |
| The Grout Medic | $2,000 |
Business Experience Requirements |
|
| Experience | |
| The Closet Factory | General business experience Marketing skills People skills |
| The Grout Medic | |
Financing Options |
|
| Franchise Fees | |
| The Closet Factory | No |
| The Grout Medic | No |
| Start-up Costs | |
| The Closet Factory | |
| The Grout Medic | |
| Equipment | |
| The Closet Factory} | |
| The Grout Medic | |
| Inventory | |
| The Closet Factory | |
| The Grout Medic | |
| Receivables | |
| The Closet Factory | |
| The Grout Medic | |
| Payroll | |
| The Closet Factory | |
| The Grout Medic | |
Training & Support |
|
| Training | |
| The Closet Factory | |
| The Grout Medic | |
| Support | |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| The Grout Medic | |
| Marketing | |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| The Grout Medic | |
| 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) |
| The Grout Medic | |
Expansion Plans |
|
| US Expansion | |
| The Closet Factory | |
| The Grout Medic | 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 | |
| The Grout Medic | Nationwide, |
| International Expansion | |
| The Closet Factory | |
| The Grout Medic | |