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Below is an in-depth analysis and side-by-side comparison of ShelfGenie 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 | $59,600 - $109,500 | $102,800 - $185,100 |
Franchise Fee | $33,175 - $39,500 | $29,500 |
Royalty Fee | 5% | 5% |
Advertising Fee | 2% | - |
Year Founded | 2000 | - |
Year Franchised | 2008 | - |
Term Of Agreement | 5 years +5+5+5 | 10 years |
Term Of Agreement | 5 years +5+5+5 | 10 years |
Renewal Fee | - | Lesser of initial, current fee |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/Yes | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/Yes | -/- |
Payroll | -/Yes | -/- |
Training & Support |
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Training | Classroom Training: 64 hours | - |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Email marketing | - |
Operations | Average Number of Employees: 0 Full-time, 4 Part-time Passive Ownership: Allowed, But Discouraged | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | Yes | No |
International Expansion | - | Yes |
No longer franchising - Acquired by Closet & Storage Concepts