Start-Up Costs and Fees |
||
| Grout Wizard | The Closet Factory | |
| Investment | 20615 - 33725 | 208500 - 356000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6%-9% | 5.75% |
| Advertising Fee | 3% | |
| Year Founded | 1997 | 1983 |
| Year Franchised | 2001 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Grout Wizard | The Closet Factory | |
| Experience | You need no previous business nor technical experience at all. Franchisees come from all backgrounds, ages and genders. The Company will teach you every phase of the business step by step. All you need is the desire to own and operate your own business. | General business experience Marketing skills People skills |
Financing Options |
||
| Grout Wizard | The Closet Factory | |
| Franchise Fees | Yes | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Grout Wizard | The Closet Factory | |
| Training | There is a required 5-day, in depth, hands on training program that all Franchisees must successfully complete. Each Franchisee will be provided with the details of GROUT WIZARD procedures, methods of operations, sales techniques, communications, advertising, managing employees, interacting with customers and every aspect of operating a successful GROUT WIZARD business. | |
| Support | Meetings, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Ad slicks | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | Franchise can be run from home. Number of employees needed to run franchised unit: 2 - 4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | 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 |
||
| Grout Wizard | The Closet Factory | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Grout Wizard | |
| The Closet Factory | |
| Franchise Fee | |
| Grout Wizard | |
| The Closet Factory | |
| Royalty Fee | |
| Grout Wizard | 6%-9% |
| The Closet Factory | 5.75% |
| Advertising Fee | |
| Grout Wizard | 3% |
| The Closet Factory | |
| Year Founded | |
| Grout Wizard | 1997 |
| The Closet Factory | 1983 |
| Year Franchised | |
| Grout Wizard | 2001 |
| The Closet Factory | 1986 |
| Term Of Agreement | |
| Grout Wizard | 5 years |
| The Closet Factory | 5 years |
| Renewal Fee | |
| Grout Wizard | |
| The Closet Factory | $7K |
Business Experience Requirements |
|
| Experience | |
| Grout Wizard | You need no previous business nor technical experience at all. Franchisees come from all backgrounds, ages and genders. The Company will teach you every phase of the business step by step. All you need is the desire to own and operate your own business. |
| The Closet Factory | General business experience Marketing skills People skills |
Financing Options |
|
| Franchise Fees | |
| Grout Wizard | Yes |
| The Closet Factory | Yes |
| Start-up Costs | |
| Grout Wizard | |
| The Closet Factory | |
| Equipment | |
| Grout Wizard} | |
| The Closet Factory | |
| Inventory | |
| Grout Wizard | |
| The Closet Factory | |
| Receivables | |
| Grout Wizard | |
| The Closet Factory | |
| Payroll | |
| Grout Wizard | |
| The Closet Factory | |
Training & Support |
|
| Training | |
| Grout Wizard | There is a required 5-day, in depth, hands on training program that all Franchisees must successfully complete. Each Franchisee will be provided with the details of GROUT WIZARD procedures, methods of operations, sales techniques, communications, advertising, managing employees, interacting with customers and every aspect of operating a successful GROUT WIZARD business. |
| The Closet Factory | |
| Support | |
| Grout Wizard | Meetings, Internet, Security/safety procedures, Field operations/evaluations |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Grout Wizard | Ad slicks |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Grout Wizard | Franchise can be run from home. Number of employees needed to run franchised unit: 2 - 4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| 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 | |
| Grout Wizard | |
| The Closet Factory | |
| Canada Expansion | |
| Grout Wizard | |
| The Closet Factory | |
| International Expansion | |
| Grout Wizard | |
| The Closet Factory | |