The Closet Factory vs CORE Group Restoration Franchise Comparison

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

Start-Up Costs and Fees
 
The Closet Factory Franchise
CORE Group Restoration Franchise
Investment $208,500 - $356,000$76,000 - $371,150
Franchise Fee $46,500$30,000
Royalty Fee 5.75%-
Advertising Fee --
Year Founded 19832019
Year Franchised 19862019
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $7K-


Business Experience Requirements
 
The Closet Factory Franchise
CORE Group Restoration Franchise
Experience
  • General business experience
  • Marketing skills
  • People skills
    		• -

    Financing Options
     
    The Closet Factory Franchise
    CORE Group Restoration 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
    CORE Group Restoration 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
    CORE Group Restoration 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 CORE Group Restoration

    "CORE

    CORE is a unique take on property damage restoration. Made up of the largest and most capable property restoration service providers,
    CORE is redefining what it means to restore lives. CORE's business model is unlike anything else on the market today and offers elite contractors the ability to be a part of a premier service offering, align themselves with an organization that believes in operating with the highest standards of craftsmanship, quality and integrity, all without giving up their independence.

    The total investment necessary to begin operation of a single CORE Group Restoration franchised business is between $76,000 and $371,150. This includes $50,000 to $93,150 that must be paid to the franchisor or its affiliate(s).
    The total investment necessary to begin operation of two CORE Businesses under a Multi-Unit Franchise is between $127,000 and $742,300. This includes $75,000 to $186,300 that must be paid to the franchisor or its affiliate(s).
    The total investment necessary to begin operation of ten CORE Businesses under a Multi-Unit Franchise is between $335,000 and $3,111,500. This includes $150,000 to $331,500 that must be paid to the franchisor or its affiliate(s).