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Below is an in-depth analysis and side-by-side comparison of The Closet Factory vs The Inspection Boys 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 | $35,000 - $55,000 |
Franchise Fee | $46,500 | $17,500 |
Royalty Fee | 5.75% | 4-6% |
Advertising Fee | - | 3% |
Year Founded | 1983 | - |
Year Franchised | 1986 | - |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $7K | - |
Business Experience Requirements |
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Experience | The basic requirements would include anyone with a sales background, former managers, former sales people, former business owners, former marketing executives, and anyone with mold remediation, asbestos abatement, home repair, or carpentry 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 | - | Training is held in our HQ in New Jersey for 5 days. |
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 |
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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.
With The Inspection Boys, you can start your own business in a
growing market by taking advantage of one of our streamlined franchise
opportunity.
You’ll immediately benefit from the power of The Inspection Boys brand and our years of experience offering successful service to
residential, commercial, and industrial customers. If you have
management experience; a desire to work with some of the best management
professionals in the business; and are willing to invest in an
established brand in the industry, please consider joining The
Inspection Boys franchise team.
Franchise System Benefits
We offer many benefits to our franchise businesses, which include: