|
Below is an in-depth analysis and side-by-side comparison of The Closet Factory vs PermaCrete including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $208,500 - $356,000 | $1,000 - And Up |
Franchise Fee | $46,500 | N/A |
Royalty Fee | 5.75% | 0 |
Advertising Fee | - | - |
Year Founded | 1983 | 0 |
Year Franchised | 1986 | 0 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $7K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-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 |
||
Training | - | All new Dealers may register to take the Free Surface Installation Video Course online, and then continue to use the course & test materials to train and retrain your installers. |
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 |
||
US Expansion | - | Yes |
Canada Expansion | No | Yes |
International Expansion | Yes | - |
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.
PermaCrete continues to expand its successful Dealer Program throughout the world to enhance consumer acceptance of the many types of PermaCrete applications in the residential and commercial marketplace. By responding to an ever-changing world of innovation and product improvements, Quality Systems, Inc. (QSI) has designed PermaCrete to fill an existing void in the worldwide surface-applications market. There are many benefits to joining the PermaCrete team: *Unlimited Market: Whether new construction or old damaged surfaces, PermaCrete is needed. *Manufacturer Supplied Leads: PermaCrete passes on all project leads to it's Dealer network daily. *Training: Attend free product demonstration class, or View surface installation video course. *On-Site Advisors: Factory Installers available to help on-site with projects. *High Earnings Potential: Great profit margins and high installation demand. *Code Compliant: PermaCrete is an ICC-ES code-compliant polymer concrete surface product. *Tested and Warranted: 10 year limited product warranty.