|
Below is an in-depth analysis and side-by-side comparison of The Closet Factory vs B-Dry System including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $208,500 - $356,000 | $70,000 - $105,000 |
Franchise Fee | $46,500 | $35,000 - $60,000 |
Royalty Fee | 5.75% | 8% |
Advertising Fee | - | - |
Year Founded | 1983 | 1958 |
Year Franchised | 1986 | 1978 |
Term Of Agreement | 5 years | 5 years |
Term Of Agreement | 5 years | 5 years |
Renewal Fee | $7K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | Yes/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Ad slicks, National media |
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 | No |
International Expansion | Yes | No |
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.
In 1930 Joseph Bevilacqua Sr. developed a technique for waterproofing basements from the inside, using drain tile and gravel. He passed his knowledge along to his son Joseph Jr., who took over the business in 1958 to begin B-Dry System Inc.
Like his father, Joseph Jr. has developed his own basement waterproofing and drainage systems, receiving patents for three different systems. Today, using the Bevilacqua family's innovations, B-Dry System franchisees offer inspections and waterproofing of basements and crawl spaces.
B-Dry System is an authority on basement and crawlspace waterproofing and encapsulation, as well as the related disciplines of foundation repair. Since 1958, BDry has been one of the top waterproofing companies in America, a developer of a basement waterproofing system that provides long-lasting protection. The secret behind our longevity in the industry is really no secret at all, just an uncompromising dedication to using some of the best materials, delivering quality craftsmanship, and providing excellent customer service. Plus, atBDry, we back our services with some of the best warranties in the business. Whether you need us to waterproof your basement or crawlspace, encapsulate a dirt crawlspace, perform approved foundation crack repair, or provide any combination of these services, you can count on receiving a quality solution to your problem and that your investment will remain protected far into the future. Our overarching goal is to give you the foundation for a dry home through the installation of a custom-designed waterproofing solution. Since 1958, homeowners have been able to rely on BDry™ for innovative solutions that work, everything from basement and crawlspace waterproofing and encapsulation to the approved repair of foundation problems.