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Below is an in-depth analysis and side-by-side comparison of Closet & Storage Concepts vs Garage Living including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $96,500 - $499,000 | $236,750 - $313,500 |
Franchise Fee | $44,500 | $60,000 |
Royalty Fee | 5% | 6.5% |
Advertising Fee | - | 6% Local + 2% Nat'l |
Year Founded | 1987 | - |
Year Franchised | 2000 | - |
Term Of Agreement | 10 years | 5 years +5+5+5 |
Term Of Agreement | 10 years | 5 years +5+5+5 |
Renewal Fee | Lesser of initial, current fee | - |
Business Experience Requirements |
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Experience | Garage Living franchise owners are not required to have prior construction or remodeling industry experience, but it can be helpful to understand the basics of running a business like ours. In fact, we welcome the opportunity to open a dialogue with existing similar or complementary home improvement businesses who wish to add the Garage Living system to their current operations. In general, we are seeking franchise candidates who have good communications and customer service skills, a strong work ethic, and a dedication to the local community. A solid understanding of business management is also important, and sales skills are also helpful. We expect that franchise owners have adequate capital to invest in the business, and we also expect franchise owners to be directly involved in the daily operations of the franchise business. But regardless of your background, we will provide the training and tools you need to run your Garage Living franchise effectively. |
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Financing Options |
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In-House/3rd Party | In-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 |
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Training | - | Pre-Opening Training: including classroom and hands-on exercises, plus on-site training with a Garage Living representative at your location. |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Ongoing Support: including updates, remote assistance, refresher training programs and business planning meetings. |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Marketing Assistance: including a professionally-developed library of project photographs (before and after), customizable marketing materials, online tools, and more. |
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 |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Founded by Bob Lewis in 1987, Closet & Storage Concepts designs, manufactures and installs custom closet and storage products in homes and businesses.