The Closet Factory vs Wise Cracks Restorations Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Closet Factory vs Wise Cracks Restorations including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
The Closet Factory Franchise
Wise Cracks Restorations Franchise
Investment $208,500 - $356,000$67,000 - $164,000
Franchise Fee $46,500$25,000
Royalty Fee 5.75%-
Advertising Fee --
Year Founded 19831991
Year Franchised 19861993
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $7K-


Business Experience Requirements
 
The Closet Factory Franchise
Wise Cracks Restorations Franchise
Experience
  • General business experience
  • Marketing skills
  • People skills
    		• -

    Financing Options
     
    The Closet Factory Franchise
    Wise Cracks Restorations Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    The Closet Factory Franchise
    Wise Cracks Restorations Franchise
    Training --
    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 Franchise
    Wise Cracks Restorations Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About The Closet Factory

    John LaBarbera founded The Closet Factory in a small industrial space in Los Angeles in 1983. The company started out with six employees customizing closets, offices, garages and pantries, and now has more than 100 employees at its Los Angeles headquarters. There are also 11 other factories around the world.

    The Closet Factory works with homeowners, contractors and interior decorators, installing closets, entertainment centers, pantries and shelves for offices and garages.

    You are unique and so are your needs. No one knows that better than The Closet Factory. When it comes to creating custom solutions that are imaginative, well organized and satisfy your design sensibilities, The Closet Factory believes the process must begin with a partnership between you and one of our designers.

    About Wise Cracks Restorations

    Wise Cracks is proud to be a Canadian Franchise System utilizing Canadian products for the repair of foundations, floors, cisterns and general concrete reparation. Wise Cracks' methods are so effective, that Wise Cracks Franchisees are able to offer a lifetime warranty to their clients on completed repairs. As a franchise, Wise Cracks offers a turn key business package, with superb training and ongoing support systems in place, as well as excellent products and comprehensive technical expertise. Wise Cracks has key locations available across Canada. Since a chain is only as strong as its links; Wise Cracks is committed to supporting you every step of the way. If you are a motivated and ethical individual, looking to invest in a solid business of your own, please contact us today for more details to learn more about this WISE investment opportunity.
    Wise Cracks® provides a much needed service to property owners. Wise Cracks is the most trusted basement repair company in Canada.