Closet & Storage Concepts vs More Space Place Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Closet & Storage Concepts vs More Space Place including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Closet & Storage Concepts Franchise
More Space Place Franchise
Investment $96,500 - $499,000$102,800 - $185,100
Franchise Fee $44,500$29,500
Royalty Fee 5%5%
Advertising Fee --
Year Founded 1987-
Year Franchised 2000-
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee Lesser of initial, current feeLesser of initial, current fee


Business Experience Requirements

 
Closet & Storage Concepts Franchise
More Space Place Franchise
Experience
  • General business experience
  • Marketing skills
  • Strong sales background a plus
  • -

    Financing Options

     
    Closet & Storage Concepts Franchise
    More Space Place Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support

     
    Closet & Storage Concepts Franchise
    More Space Place 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 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)

    -

    Expansion Plans

     
    Closet & Storage Concepts Franchise
    More Space Place Franchise
    US Expansion -Yes
    Canada Expansion NoNo
    International Expansion YesYes

    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 More Space Place

    No longer franchising - Acquired by Closet & Storage Concepts