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Updated RecentlyClosets By Design vs Tailored Living Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Closets By Design vs Tailored Living 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 | $172,930 - $284,295 |
| Franchise Fee | $20,000 | $14,950 |
| Royalty Fee | 6.75% | $300-$2K/mo. |
| Advertising Fee | 2.25% | $500/mo. |
| Year Founded | 1982 | 2006 |
| Year Franchised | 1998 | 2006 |
| 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 | Yes/- |
| Start-up Costs | No/No | -/Yes |
| Equipment | No/No | -/Yes |
| Inventory | No/No | -/Yes |
| Receivables | No/No | -/Yes |
| Payroll | No/No | -/Yes |
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 | *National Convention *Regional workshops and marketing seminars *Monthly Continued Education webinars *Monthly Drawing Board design webinars *Professional in-house technology solutions experts *Online forums for networking and exchange of best practices Classroom Training: 82 hours Additional Training: Regional training |
| 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 | Tailored Living provides franchisees with D’VinciTM software that helps customers envision their storage solutions during in-home consultations. Training on how to use the software is provided so that you can use this powerful tool to help you close more sales. Get your questions answered by experts. Business Coaches are there to help ensure your business is running smoothly. Workshops Learn from the best. We bring in top industry speakers to keep you informed on the latest trends and product innovations. Plus, you can exchange tips and industry knowledge with other franchisees. Online and Toll-free Phone Support You can get answers fast from our technical support system. 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 | 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 | 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) | Absentee Ownership Allowed Number of Employees Required to Run: 2 |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | Yes |
| International Expansion | Yes | - |
Company Overviews
About Closets By Design
About Tailored Living
Home Franchise Concepts (HFC) created Tailored Living featuring
PremierGarage. Our founders are the same visionaries behind Budget
Blinds, ranked the #1 custom window coverings franchise in the nation
since 1996 by Entrepreneur magazine. We’ve built on what we’ve learned
in the last 20+ years to create a new franchise opportunity that’s
perfectly suited for how consumers live today.
Tailored Living featuring
PremierGarage brings together two brands unrivaled in the home
organization category.
Demand is high:
- Sales of garage organization products are expected to post the fastest gains, rising 5.5% per year through 2015*
- Home organization product demand is projected to increase 3.6% annually to $8.6 billion from 2008 to 2015*
WE SPECIALIZE IN HOME ORGANIZATION SYSTEMS, INCLUDING CLOSETS, PANTRIES, MURPHY BEDS, GARAGE FLOORING AND GARAGE ORGANIZATION.
- We are a low investment, home-based business, with no storefront, no inventory, low overhead
- Find out about exclusive territories in your area
- Our franchisees receive extensive training and support from industry experts
- Proprietary D’VinciTM CAD software helps your customers envision their rooms before they’re built.
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