|
Below is an in-depth analysis and side-by-side comparison of The Closet Factory vs BrandPoint Services including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $208,500 - $356,000 | N/A |
Franchise Fee | $46,500 | N/A |
Royalty Fee | 5.75% | - |
Advertising Fee | - | - |
Year Founded | 1983 | - |
Year Franchised | 1986 | - |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $7K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
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 |
||
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 |
||
US Expansion | - | Yes |
Canada Expansion | No | Yes |
International Expansion | Yes | - |
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.
BrandPoint Services provides our clients with truly competitive solutions for their property maintenance and capital expenditure improvements. We earn our reputation through expert project management delivered at the highest level of professional service by our people, through a process that is goal and outcome driven, and by continuous measurement during the work we perform. We combine what we do, who does it, and how we do it into a single point of operational execution that we manage to a conclusion that exceeds client expectations.BrandPoint Services began as a division of CertaPro Painters in 2002, and evolved into a stand-alone entity in 2010. Although our name is new, we have held the same core values from the start:. Deliver what you promise. Respect the individual. Have pride in what you do. Practice continuous improvement.