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Closet Factory, The
 

Join the industry leader, ranked #1 in custom closets by Entrepreneur Magazine worldwide. Franchisees design, sell, manufacture and install custom closet systems, garage organizers, kitchen pantries, entertainment centers and custom office systems. Operate a large, vertically integrated cash business during normal business hours in an exclusive territory. A complete turn-key business through training and on-going support. No technical experience is necessary.

Franchisor Background

Year Established:

  1983

Franchising Since:

  1985

Operating Units:

Franchised Units:82 74.5%  
Company-Owned Units:28 25.5%  
 ______ _____  
Total Operating Units:110 100%  
 

Geographic Distribution:

U.S.:102 87.2% In 39 States
Canada:5 4.3% In 2 Canadian Provinces
International:10 8.5% In 0 Foreign Countries
 ______ _____  
Total:117 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. California14
2. New York8
3. Florida7

Registered in Following Registration States:

   California, Florida, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Oregon, Virginia, Washington, Wisconsin, District Of Columbia, Alberta

Financial Requirements

Investment:

Minimum Net Worth:$150-350K
Cash Investment:$40-50K
Total Investment:$99.5-185K
Average Total Investment:$142K
 

Fees:

Initial Franchise Fee:$28.5-39.5K
Average Franchise Fee:$34K
On-Going Royalty:5.8%
Average Royalty:6%
Advertising Fee:1%

Average Number of Employees:

   5-6 Full-time, 0 Part-time

Space Needs (in square footage):

   3,500-4,000

Preferred Sites:

  

Other Sites:

   Warehouse or Industrial Park

Encourage Conversions?

   Yes

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:No
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:N/A
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?Yes, Direct
 

Marketing Support:

Co-Op Advertising:No
National Advertising:No
Regional Advertising:No
Local Advertising:No
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Not Applicable
Central Purchasing:Included in Fees
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:At Additional Cost
800 Telephone Hotline:Not Applicable
 

Training:

1. Corporate Headquarters2 Weeks
2. On-Site4 Weeks
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:5
General Business Experience:5
Specific Industry Experience:2
Formal Education:4
Psychological Profile:3
Personal Interview(s):3

Minority Representation

Units Owned by Minorities:

African-American:N/A
Asian-American:N/A
Hispanic:N/A
Native American:N/A
Other:N/A
Specific Minority:Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.

Terms of Contract

Term of Initial Contract:5 Year(s)
Term of Renewal Period:5 Year(s)
Passive Ownership:Allowed
Area Development Agreements?No
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?No

Expansion Plans

Projected New Units Over Next 12 months:

   15
U.S.:Yes, All United States
Canada:Yes, All Canada
Overseas:Yes, All Countries
 
 
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