More Space Place
5040 140th Ave., N.
Clearwater, FL 33760-3735
-
(888) 731-3051
/
(727) 539-1611
- (727) 524-6382 (Fax)
One of America's Top 100 Franchise Opportunities! (as listed in Bond's Top 100 Franchises, 2004, 2006, 2009 and 2013). We create beautiful living spaces for our customers. Picture an elegant home office that converts into an extra bedroom. With our professionally installed Murphy bed and custom-designed office, it can happen. With us, you can fashionably design closets, entertainment centers, utility rooms and garages and turn spare bedrooms into multi-purpose rooms. More Space Place Franchise is actively seeking the best candidates for ownership of our More Space Place retail stores. Organized, hard-working and dedicated Veterans have proven to be excellent MSP Business Owners and Operators. Honorably-discharged Veterans will receive an initial store discount towards their first MSP store. For a limited time, a DMP initial store discount is available to qualified individuals.
Franchisor Background
Year Established: 1989
Franchising Since: 1993
Operating Units
| Franchised Units |
33 |
91.7% |
| Company-Owned Units |
3 |
8.3% |
| Total Operating Units |
36 |
100% |
Geographic Distribution
| USA |
36 |
100.0% |
In 13 States
|
| Canada |
0 |
0.0% |
In 0 Provinces
|
| International |
0 |
0.0% |
In 0 Foreign Countries
|
| Total |
36 |
100% |
|
Multi-Unit Operators
| Multi-Unit Operators |
N/A |
| Franchises Owned by Multi-Unit Operators |
N/A |
North American Unit Density
| Density |
Units |
| South Carolina |
4 |
| Texas |
3 |
Registered in the following Registration States
California, Florida, Illinois, Maryland, Michigan, Minnesota, New York, Virginia, Wisconsin
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Support and Training
General Information
| IFA Member |
No |
| CFA Member |
No |
| Franchisee Association? |
No |
| Size of Corporate Staff |
55 |
Site Selection
Assistance |
Yes |
| Lease Negotiation Assistance |
Yes |
| Financial Assistance |
Yes, Indirect |
Marketing Support
| Co-Op Advertising |
Yes |
| National Advertising |
Yes |
| Regional Advertising |
Yes |
| Local Advertising |
Yes |
| Marketing Materials |
Ad Slicks, Brochures, Catalogs, Coupons/Rebates, Direct Mailers, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits, Videos
|
| Additional Services: |
Grand Opening, In-House Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies
|
Ongoing Support
| Central Data Processing |
N/A |
| Central Purchasing |
Included |
| Field Operation Evaluation |
Included |
| Field Training |
Included |
| Initial Store Opening |
Included |
| Inventory Control |
Included |
| Franchisee Newsletter |
Included |
| Regional or National Meetings |
Included |
| 800 Telephone Hotline |
Included |
Training
| On-Site |
Ongoing |
| Headquarters Clearwater, FL |
11 Days |
| On-Site |
6 Days |
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Financial Requirements
Investment
| Minimum Net Worth |
N/A |
| Cash Investment |
$30-50K |
| Total Investment |
$98-165K |
| Average Total Investment |
$131K |
Fees
| Initial Franchise Fee |
$29.5-22K |
| Average Franchise Fee |
$27K |
| On-Going Royalty |
4.50% |
| Average Royalty |
4% |
| Advertising Fee |
2.50% |
Site Information and Requirements
| Average Number of Full-Time Employees |
3 |
| Average Number of Part-Time Employees |
1 |
| Space Needs (in square feet) |
1,000-1,600
|
| Preferred Site Types |
Free Standing Building, Storefront, Strip Center
|
| Encourages Conversions |
Yes |
| Item 19 (Earnings Claim) Provided? |
No |
| Listed in the SBA Registry? |
No |
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Franchisee Qualifications
| Financial Net Worth |
4 |
| General Business Experience |
4 |
| Specific Industry Experience |
1 |
| Formal Education |
3 |
| Psychological Profile |
2 |
| Personal Interviews |
5 |
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Terms of Contract
| Term of Initial Contract |
10 |
| Term of Renewal Period |
10 |
| Passive Ownership? |
Not Allowed |
Area Development
Agreements? |
Yes, for 10 years
|
Sub-Franchisor
Contracts? |
No |
| Franchisees Allowed to Expand Within Territory? |
Yes |
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Expansion Plans
| Projected New Units Over Next 12 Months |
6 |
| USA |
Yes, All United States |
| Canada |
No |
| Overseas |
No |
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