Start-Up Costs and Fees |
||
| The Closet Factory | The Inspection Boys | |
| Investment | 208500 - 356000 | 35000 - 55000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.75% | 4-6% |
| Advertising Fee | 3% | |
| Year Founded | 1983 | 0 |
| Year Franchised | 1986 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Closet Factory | The Inspection Boys | |
| Experience | General business experience Marketing skills People skills | The basic requirements would include anyone with a sales background, former managers, former sales people, former business owners, former marketing executives, and anyone with mold remediation, asbestos abatement, home repair, or carpentry experience. |
Financing Options |
||
| The Closet Factory | The Inspection Boys | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| The Closet Factory | The Inspection Boys | |
| Training | Training is held in our HQ in New Jersey for 5 days. | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | 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 |
||
| The Closet Factory | The Inspection Boys | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Closet Factory | |
| The Inspection Boys | |
| Franchise Fee | |
| The Closet Factory | |
| The Inspection Boys | |
| Royalty Fee | |
| The Closet Factory | 5.75% |
| The Inspection Boys | 4-6% |
| Advertising Fee | |
| The Closet Factory | |
| The Inspection Boys | 3% |
| Year Founded | |
| The Closet Factory | 1983 |
| The Inspection Boys | 0 |
| Year Franchised | |
| The Closet Factory | 1986 |
| The Inspection Boys | 0 |
| Term Of Agreement | |
| The Closet Factory | 5 years |
| The Inspection Boys | |
| Renewal Fee | |
| The Closet Factory | $7K |
| The Inspection Boys | |
Business Experience Requirements |
|
| Experience | |
| The Closet Factory | General business experience Marketing skills People skills |
| The Inspection Boys | The basic requirements would include anyone with a sales background, former managers, former sales people, former business owners, former marketing executives, and anyone with mold remediation, asbestos abatement, home repair, or carpentry experience. |
Financing Options |
|
| Franchise Fees | |
| The Closet Factory | No |
| The Inspection Boys | No |
| Start-up Costs | |
| The Closet Factory | |
| The Inspection Boys | |
| Equipment | |
| The Closet Factory} | |
| The Inspection Boys | |
| Inventory | |
| The Closet Factory | |
| The Inspection Boys | |
| Receivables | |
| The Closet Factory | |
| The Inspection Boys | |
| Payroll | |
| The Closet Factory | |
| The Inspection Boys | |
Training & Support |
|
| Training | |
| The Closet Factory | |
| The Inspection Boys | Training is held in our HQ in New Jersey for 5 days. |
| Support | |
| The Closet Factory | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| The Inspection Boys | |
| Marketing | |
| The Closet Factory | Co-op advertising, Ad slicks, National media, Regional advertising |
| The Inspection Boys | |
| Operations | |
| 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) |
| The Inspection Boys | |
Expansion Plans |
|
| US Expansion | |
| The Closet Factory | |
| The Inspection Boys | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| The Closet Factory | |
| The Inspection Boys | |
| International Expansion | |
| The Closet Factory | |
| The Inspection Boys | |