| ||||
Updated RecentlyCloset & Storage Concepts vs Luxury Bath Systems Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Closet & Storage Concepts vs Luxury Bath Systems including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $96,500 - $499,000 | $20,000 - $40,000 |
| Franchise Fee | $44,500 | $16,000 |
| Royalty Fee | 5% | 0 |
| Advertising Fee | - | - |
| Year Founded | 1987 | 1989 |
| Year Franchised | 2000 | 1994 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | Lesser of initial, current fee | $5K |
Business Experience Requirements |
||
| Experience | ||
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | Yes/No |
| Start-up Costs | No/Yes | Yes/No |
| Equipment | No/Yes | No/No |
| Inventory | No/Yes | No/No |
| Receivables | No/Yes | No/No |
| Payroll | No/Yes | No/No |
Training & Support |
||
| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op advertising, Ad slicks, National media |
| Operations |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 12
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
||
| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | Yes | Yes |
Company Overviews
About Closet & Storage Concepts
Founded by Bob Lewis in 1987, Closet & Storage Concepts designs, manufactures and installs custom closet and storage products in homes and businesses.
About Luxury Bath Systems
Are you looking to expand your business base or considered joining a network of successful franchisees? Consider Luxury Bath Systems, the nation’s leader in acrylic bathroom remodeling, and take advantage of the multi-billion dollar home improvement market. Luxury Bath Systems offers
its franchises and dealers a proven system for efficiently remodeling
bathrooms, while providing dynamic marketing programs and technical
support. Exclusive territories are still available.
Since its founding in 1989, Luxury Bath Systems has remodeled
bathrooms in homes and businesses. The Bensenville, Illinois-based
company installs tub and wall systems over existing bathtubs and tile,
allowing franchisees to remodel a bathroom in less than one day.