Start-Up Costs and Fees |
||
| Room Evolutions | Closet Factory | |
| Investment | 190000 - 320000 | 208500 - 356000 |
| Franchise Fee | ||
| Royalty Fee | 4% | 6.75% |
| Advertising Fee | 1% | |
| Year Founded | 1953 | 1983 |
| Year Franchised | 2008 | 1985 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Room Evolutions | Closet Factory | |
| Experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. | You are not required to have closet industry experience or even know how to use a hammer. Experience managing a business successfully or having a background in sales, management or marketing can be helpful. Closet Factory requires that the franchisee participate in the day-to-day management of the business; this is not an absentee ownership business. |
Financing Options |
||
| Room Evolutions | Closet Factory | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Room Evolutions | Closet Factory | |
| Training | Initial one week orientation and ongoing | Closet Factory provides you with a total of six weeks of training for you and your staff. Two weeks of franchisee training are provided at our corporate offices. During the grand opening of your location, our sales trainer will provide you and your staff with two weeks of on-site sales, design, and administrative training. In addition, our operations trainer will spend two weeks guiding the setup of your factory and training you and your operations staff basic in manufacturing and installation. You will be provided our entire library of training materials and have access to additional resources designed to enhance the performance of the business, including ClosetWare, our proprietary master control software that is used to run each element of a Closet Factory business. On-The-Job Training: 160 hours Classroom Training: 80 hours |
| Support | Our corporate staff guides and assists you as you need it. Our in-house graphics department advertising campaigns maintain the Closet Factory brand image. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Marketing materials are created and available | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 6 | |
Expansion Plans |
||
| Room Evolutions | Closet Factory | |
| US Expansion | Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Ohio, Pennsylvania, Virginia, Wisconsin | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Room Evolutions | |
| Closet Factory | |
| Franchise Fee | |
| Room Evolutions | |
| Closet Factory | |
| Royalty Fee | |
| Room Evolutions | 4% |
| Closet Factory | 6.75% |
| Advertising Fee | |
| Room Evolutions | 1% |
| Closet Factory | |
| Year Founded | |
| Room Evolutions | 1953 |
| Closet Factory | 1983 |
| Year Franchised | |
| Room Evolutions | 2008 |
| Closet Factory | 1985 |
| Term Of Agreement | |
| Room Evolutions | 5 years +5+5+5 |
| Closet Factory | |
| Renewal Fee | |
| Room Evolutions | $5,000 |
| Closet Factory | |
Business Experience Requirements |
|
| Experience | |
| Room Evolutions | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. |
| Closet Factory | You are not required to have closet industry experience or even know how to use a hammer. Experience managing a business successfully or having a background in sales, management or marketing can be helpful. Closet Factory requires that the franchisee participate in the day-to-day management of the business; this is not an absentee ownership business. |
Financing Options |
|
| Franchise Fees | |
| Room Evolutions | No |
| Closet Factory | No |
| Start-up Costs | |
| Room Evolutions | |
| Closet Factory | |
| Equipment | |
| Room Evolutions} | |
| Closet Factory | |
| Inventory | |
| Room Evolutions | |
| Closet Factory | |
| Receivables | |
| Room Evolutions | |
| Closet Factory | |
| Payroll | |
| Room Evolutions | |
| Closet Factory | |
Training & Support |
|
| Training | |
| Room Evolutions | Initial one week orientation and ongoing |
| Closet Factory | Closet Factory provides you with a total of six weeks of training for you and your staff. Two weeks of franchisee training are provided at our corporate offices. During the grand opening of your location, our sales trainer will provide you and your staff with two weeks of on-site sales, design, and administrative training. In addition, our operations trainer will spend two weeks guiding the setup of your factory and training you and your operations staff basic in manufacturing and installation. You will be provided our entire library of training materials and have access to additional resources designed to enhance the performance of the business, including ClosetWare, our proprietary master control software that is used to run each element of a Closet Factory business. On-The-Job Training: 160 hours Classroom Training: 80 hours |
| Support | |
| Room Evolutions | |
| Closet Factory | Our corporate staff guides and assists you as you need it. Our in-house graphics department advertising campaigns maintain the Closet Factory brand image. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Room Evolutions | Marketing materials are created and available |
| Closet Factory | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | |
| Room Evolutions | |
| Closet Factory | Absentee Ownership Allowed Number of Employees Required to Run: 6 |
Expansion Plans |
|
| US Expansion | |
| Room Evolutions | Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Ohio, Pennsylvania, Virginia, Wisconsin |
| Closet Factory | |
| Canada Expansion | |
| Room Evolutions | |
| Closet Factory | |
| International Expansion | |
| Room Evolutions | |
| Closet Factory | |