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Updated RecentlyThe Closet Factory vs Home Owners Club of America Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Closet Factory vs Home Owners Club of America including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $208,500 - $356,000 | $85,000 - $110,000 |
| Franchise Fee | $46,500 | $50,000 |
| Royalty Fee | 5.75% | - |
| Advertising Fee | - | - |
| Year Founded | 1983 | 1993 |
| Year Franchised | 1986 | 1999 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | $7K | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| 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 |
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| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | * Computer Software Package, custom designed for the operation of HOCOA * Specified Territory * Marketing Plan * Computer Training Manual * Operations Manual * Artwork and use of Recognized Logo * Support Services * Training Seminar * Annual Franchise Seminar * Webpage and link to the Corporate Site |
| 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 |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About The Closet Factory
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.
About Home Owners Club of America
Homes Owners Clubs of America opens a "door of a different color, size, and style." and offers an unusually distinctive meaning to the phrase "making a living!" Do you want the financial security of a generous income minus the corporate backdrop and employee headaches? Are you looking for more flexibility in your work schedule or income upon retirement? Do you enjoy helping others? If you answered positively to these question, then a HOCOA franchise could be an attractive opportunity for you.
What AAA does for automobiles, we do for homes. We match the customer's requested service with our best certified contractor. Our Home Repair Network franchise opportunity has contractors with outstanding references, insurance, and any required licenses. Our approved contractors join the network by invitation only. They cannot pay to join us. After making a request for service, customers receive a service call from a contractor within an hour. We follow up to verify that the work was completed to the customer's satisfaction.
Contact us today to get plugged into this exciting new marketing concept.