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| Closets By Design |
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Sell, design, manufacture and install custom closet organizers, garage cabinets, in-home office systems, wall units, pantries and more . . .
Franchisor Background
Year Established: 1982
Franchising Since: 1998
IFA Member
Operating Units: |
| Franchised Units: | 34 | | 85% | | |
| Company-Owned Units: | 6 | | 15% | | |
| | ______ | | _____ | | |
| Total Operating Units: | 40 | | 100% | | |
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Geographic Distribution: |
| U.S.: | 42 | | 100% | | In 8 States |
| Canada: | 0 | | 0% | | In 0 Canadian Provinces |
| International: | 0 | | 0% | | In 0 Foreign Countries |
| | ______ | | _____ | | |
| Total: | 42 | | 100% | | |
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North America: |
| States/Provinces with the largest number of operating units: |
| Density | Units | | | | |
| 1. Ohio | 5 | | 2. Illinois | 3 | | 3. New York | 3 |
Registered in Following Registration States: Florida, Indiana, Michigan, New York, Rhode Island, Virginia, Wisconsin
Financial Requirements
Investment: |
| Minimum Net Worth: | $500K |
| Cash Investment: | $100-341K |
| Total Investment: | $124.9K-278.4K |
| Average Total Investment: | $202K |
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Fees: |
| Initial Franchise Fee: | $36.9K |
| Average Franchise Fee: | $37K |
| On-Going Royalty: | 6% |
| Average Royalty: | 6% |
| Advertising Fee: | 3% |
Average Number of Employees: 7-50 Full-time, 0 Part-time
Space Needs (in square footage): 8,000-14,000
Preferred Sites:
Other Sites: Business Park
Encourage Conversions? Yes
Earnings Claims Provided? No
Listed in the SBA Registry? No
Support and Training
| International Franchise Association: | Yes |
| Canadian Franchise Association: | No |
| Franchisee Association/Member: | Yes, Member |
| Size of Corporate Staff: | 10 |
| Site Selection Assistance? | Yes |
| Lease Negotiation Assistance? | No |
| Financial Assistance? | No |
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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 |
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On-Going Support: |
| Central Data Processing: | Not Applicable |
| Central Purchasing: | Not Applicable |
| Field Operation Evaluation: | Included in Fees |
| Field Training: | Included in Fees |
| Initial Store Opening: | Included in Fees |
| Inventory Control: | Not Applicable |
| Franchisee Newsletter: | Not Applicable |
| Regional or National Meetings: | At Additional Cost |
| 800 Telephone Hotline: | Included in Fees |
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Training: |
| 1. Corporate Headquarters | 2 Weeks | | 2. To Be Determined | 1 Week | | 3. On-Site | 2 Weeks |
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Franchisee Qualifications
| Ranked from 1 (unimportant) to 5 (important): |
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| Financial Net Worth: | 5 |
| General Business Experience: | 5 |
| Specific Industry Experience: | 1 |
| Formal Education: | 4 |
| Psychological Profile: | 1 |
| Personal Interview(s): | 5 |
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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. |
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Terms of Contract
| Term of Initial Contract: | 5 Year(s) |
| Term of Renewal Period: | 5 Year(s) |
| Passive Ownership: | Allowed, But Discouraged |
| Area Development Agreements? | No |
| Sub-Franchising Contracts? | No |
| Franchisees Allowed to Expand Within Territory? | Yes |
Expansion Plans
Projected New Units Over Next 12 months: 6
| U.S.: | Yes, States not currently in. |
| Canada: | Yes, ON, BC and PQ |
| Overseas: | No |
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