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Updated RecentlyClosets 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 |
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| 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 years | 10 years |
| Term Of Agreement | 5 years | 10 years |
| Renewal Fee | $5K waived if meet sales req. | Lesser of initial, current fee |
Business Experience Requirements |
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| 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. | - |
Financing Options |
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| In-House/3rd Party | In-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 |
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| 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 | - |
| 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 | - |
| 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 | - |
| 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) | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | No |
| International Expansion | Yes | Yes |
Company Overviews
About Closets By Design
About More Space Place
No longer franchising - Acquired by Closet & Storage Concepts