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Updated RecentlyCloset Factory vs Tailored Living Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Closet Factory vs Tailored 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 | $208,500 - $356,000 | $172,930 - $284,295 |
| Franchise Fee | $46,500 | $14,950 |
| Royalty Fee | 6.75% | $300-$2K/mo. |
| Advertising Fee | - | $500/mo. |
| Year Founded | 1983 | 2006 |
| Year Franchised | 1985 | 2006 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | You are not required to have closet industry experience or even know how to use a hammer. Experience managing a business successfully or having a background in sales, management or marketing can be helpful. Closet Factory requires that the franchisee participate in the day-to-day management of the business; this is not an absentee ownership business. | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | Yes/- |
| Start-up Costs | -/Yes | -/Yes |
| Equipment | -/Yes | -/Yes |
| Inventory | -/Yes | -/Yes |
| Receivables | -/Yes | -/Yes |
| Payroll | -/Yes | -/Yes |
Training & Support |
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| Training | Closet Factory provides you with a total of six weeks of training for you and your staff. Two weeks of franchisee training are provided at our corporate offices. During the grand opening of your location, our sales trainer will provide you and your staff with two weeks of on-site sales, design, and administrative training. In addition, our operations trainer will spend two weeks guiding the setup of your factory and training you and your operations staff basic in manufacturing and installation. You will be provided our entire library of training materials and have access to additional resources designed to enhance the performance of the business, including ClosetWare, our proprietary master control software that is used to run each element of a Closet Factory business. On-The-Job Training: 160 hours Classroom Training: 80 hours | *National Convention *Regional workshops and marketing seminars *Monthly Continued Education webinars *Monthly Drawing Board design webinars *Professional in-house technology solutions experts *Online forums for networking and exchange of best practices Classroom Training: 82 hours Additional Training: Regional training |
| Support | Our corporate staff guides and assists you as you need it. Our in-house graphics department advertising campaigns maintain the Closet Factory brand image. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Tailored Living provides franchisees with D’VinciTM software that helps customers envision their storage solutions during in-home consultations. Training on how to use the software is provided so that you can use this powerful tool to help you close more sales. Get your questions answered by experts. Business Coaches are there to help ensure your business is running smoothly. Workshops Learn from the best. We bring in top industry speakers to keep you informed on the latest trends and product innovations. Plus, you can exchange tips and industry knowledge with other franchisees. Online and Toll-free Phone Support You can get answers fast from our technical support system. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 6 | Absentee Ownership Allowed Number of Employees Required to Run: 2 |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | Yes |
| International Expansion | - | - |
Company Overviews
About Closet Factory
As a franchisee of Closet Factory, you have the advantage of having joined an innovative network with more than 25 years of in-home sales and franchising experience and the power of one of the industry's most admired and recognized brands. The Closet Factory brand resonates strongly with current and potential customers. Serving most major metropolitan areas throughout the United States, Closet Factory is the style and innovation leader in its market.
Each franchise is an independent business. Your clientele will benefit by purchasing from a local, family run business that has been built with the experience and success of a national company. Our proven business platform, comprehensive training program, brand recognition, national support, and the most unique and stylish product line in the industry all contribute to a strong environment to succeed.
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About Tailored Living
Home Franchise Concepts (HFC) created Tailored Living featuring
PremierGarage. Our founders are the same visionaries behind Budget
Blinds, ranked the #1 custom window coverings franchise in the nation
since 1996 by Entrepreneur magazine. We’ve built on what we’ve learned
in the last 20+ years to create a new franchise opportunity that’s
perfectly suited for how consumers live today.
Tailored Living featuring
PremierGarage brings together two brands unrivaled in the home
organization category.
Demand is high:
- Sales of garage organization products are expected to post the fastest gains, rising 5.5% per year through 2015*
- Home organization product demand is projected to increase 3.6% annually to $8.6 billion from 2008 to 2015*
WE SPECIALIZE IN HOME ORGANIZATION SYSTEMS, INCLUDING CLOSETS, PANTRIES, MURPHY BEDS, GARAGE FLOORING AND GARAGE ORGANIZATION.
- We are a low investment, home-based business, with no storefront, no inventory, low overhead
- Find out about exclusive territories in your area
- Our franchisees receive extensive training and support from industry experts
- Proprietary D’VinciTM CAD software helps your customers envision their rooms before they’re built.
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