Closets By Design vs More Space Place Franchise Comparison

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

Start-Up Costs and Fees

 
Closets By Design Franchise
More Space Place Franchise
Investment $152,000 - $428,000$102,800 - $185,100
Franchise Fee $20,000$29,500
Royalty Fee 6.75%5%
Advertising Fee 2.25%-
Year Founded 1982-
Year Franchised 1998-
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee $5K waived if meet sales req.Lesser of initial, current fee


Business Experience Requirements

 
Closets By Design Franchise
More Space Place Franchise
Experience

An ideal candidate is someone who believes in our proven process. No prior carpentry experience is necessary; instead we're looking for business leaders to execute our system.

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Financing Options

 
Closets By Design Franchise
More Space Place Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees Yes/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
Closets By Design Franchise
More Space Place Franchise
Training

We communicate regularly with our franchisees to make sure we're providing relevant, effective training and support in all areas of the business. On-The-Job Training: 56 hours Classroom Training: 64 hours

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Support

We're With You Every Step of the Way Similar to how you will help transform clients' homes and offices, we will help you transform your new business. Comprehensive sales, marketing and operational training is provided on an ongoing basis. Our support team will share best practices and are always available to answer your questions and help you grow. Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform

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Marketing

Closets by Design offers strong, in-house marketing support with proven successful lead generation through local and national advertising programs.

Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app

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Operations 30% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 5

Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

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Expansion Plans

 
Closets By Design Franchise
More Space Place Franchise
US Expansion YesYes
Canada Expansion YesNo
International Expansion YesYes

Company Overviews

About Closets By Design

Since 1982, Closets By Design has been installing custom closets, garage organizers, entertainment centers and home office systems. Franchisees manufacture all products and handle installation. All Closets By Design franchisees are owner/operators.

#284 in Franchise 500 for 2020.

About More Space Place

No longer franchising - Acquired by Closet & Storage Concepts