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