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Updated RecentlyClosets By Design vs GarageTek Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Closets By Design vs GarageTek including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $152,000 - $428,000 | $192,500 - $242,600 |
| Franchise Fee | $20,000 | $50,000 |
| Royalty Fee | 6.75% | 6% |
| Advertising Fee | 2.25% | - |
| Year Founded | 1982 | 2000 |
| Year Franchised | 1998 | 2001 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | $5K waived if meet sales req. | - |
Business Experience Requirements |
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| Experience | An ideal candidate is someone who believes in our proven process. No prior carpentry experience is necessary; instead we're looking for business leaders to execute our system. | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/No | No/No |
| Start-up Costs | No/No | No/No |
| Equipment | No/No | No/No |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | We communicate regularly with our franchisees to make sure we're providing relevant, effective training and support in all areas of the business. On-The-Job Training: 56 hours Classroom Training: 64 hours | - |
| Support | We're With You Every Step of the Way Similar to how you will help transform clients' homes and offices, we will help you transform your new business. Comprehensive sales, marketing and operational training is provided on an ongoing basis. Our support team will share best practices and are always available to answer your questions and help you grow. Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform | - |
| Marketing | Closets by Design offers strong, in-house marketing support with proven successful lead generation through local and national advertising programs. Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations |
30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | Yes | No |
| International Expansion | Yes | Yes |
Company Overviews
About Closets By Design
About GarageTek
Join Our Winning Team There are thousands of franchise opportunities, but few offer the excitement and satisfaction of GarageTek. We provide a unique combination: * Exceptional product line * Leading brand recognition * Comprehensive support program * Two investment levels With GarageTek you go well beyond owning a small business, you become part of the leading team in the fastest growing home improvement market sector - garage organization. Work in a Dynamic Industry Garage organization is the fastest growing sector within home organization industry according to several research studies. Download Industry Fact Sheet sell an award-winning product line Our vision of transforming American garages began with the revolutionary concept of paneling the interior walls of a garage and adding an assortment of accessories to the wall. Just a few years later, our original vision has bloomed into a total room makeover with more than 100 product options available for the walls, floor, ceiling and lighting. GarageTek's unique product line has been honored repeatedly. * #1 installed garage system by the leading consumer ratings publication * Only UL Load-Tested System * Top 100 building products (2004-2007) * Home Safety Council Commendation for Safety Innovation See All Products Be the Leading Brand in Your MarketGarageTek has been acknowledged as the leader by our customers, our franchisees, several industry publications as well as various market studies. A few highlights include: * #1 garage organization brand by Peachtree Consulting Group * 96% of customers love the system so much they refer GarageTek to family and friends * "World Class" ranking by our franchisees in a study conducted by FranSurvey