Epcon Communities vs More Space Place Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Epcon Communities vs More Space Place including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Epcon Communities Franchise
More Space Place Franchise
Investment $887,200 - $4,569,000$102,800 - $185,100
Franchise Fee $50,000$29,500
Royalty Fee 1% to 2%5%
Advertising Fee $500/ month-
Year Founded 1986-
Year Franchised 1995-
Term Of Agreement Completion of 1 market area10 years
Term Of Agreement Completion of 1 market area10 years
Renewal Fee $25000Lesser of initial, current fee


Business Experience Requirements

 
Epcon Communities Franchise
More Space Place Franchise
Experience
  • General business experience
  • Upper management experience
  • -

    Financing Options

     
    Epcon Communities Franchise
    More Space Place Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

     
    Epcon Communities Franchise
    More Space Place Franchise
    Training Available at headquarters-
    Support Toll-free phone line, field consultants, Intranet, marketing, training-
    Marketing Marketing plans, materials, field support-
    Operations

    Number of employees needed to run franchised unit: 4

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    -

    Expansion Plans

     
    Epcon Communities Franchise
    More Space Place Franchise
    US Expansion -Yes
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    About Epcon Communities

    In 1986, Philip Fankhauser and Edward Bacome founded Epcon Homes & Communities in Columbus, OH when they built their first residential community. Three years later, a local builder who wanted to utilize their successful design and floor plans for a community in a nearby city approached the duo. The partners were hesitant to license their already proven system out to other builders and, at the time, had little interest in expanding outside of the Columbus market. However, their designs and floor plans became so widely popular that others also soon came calling, seeking to build an Epcon Homes & Communities-style development in neighboring cities or in outlying areas of Ohio. Fankhauser and Bacome finally granted the first license to use their successful construction plans and the franchising concept was born. The company began franchising in 1995 and has not looked back. Epcon Communities and its franchisees built over 25,000 homes and established franchises in 30 states.
    Epcon is seeking new franchise units throughout the U.S.
    Epcon's long-term goal is to expand into all 50 states, Canada and Central America.

    "Entrepreneur
    #398 in Franchise 500 for 2020.





    About More Space Place

    No longer franchising - Acquired by Closet & Storage Concepts