The Closet Factory vs HOCOA Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Closet Factory vs HOCOA including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
The Closet Factory Franchise
HOCOA Franchise
Investment $208,500 - $356,000$101,000 - And Up
Franchise Fee $46,500$25,900
Royalty Fee 5.75%-
Advertising Fee --
Year Founded 19831994
Year Franchised 19861999
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $7K-


Business Experience Requirements

 
The Closet Factory Franchise
HOCOA Franchise
Experience
  • General business experience
  • Marketing skills
  • People skills
  • -

    Financing Options

     
    The Closet Factory Franchise
    HOCOA Franchise
      In-House/3rd PartyIn-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

     
    The Closet Factory Franchise
    HOCOA Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    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

     
    The Closet Factory Franchise
    HOCOA Franchise
    US Expansion -Yes
    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 HOCOA

    The Hocoa Franchise Opportunity is perfect for an entrepreneur that wants financial independence without a storefront or inventory. We are a home repair network for homeowners and contractors. You will get complete training, operations manual, marketing plan, artwork and custom management software. HOCOA has been in operation since 1994. Our franchises span from the west to the east coast. Franchise cost includes: *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