| ||||
Updated RecentlyMore Space Place vs Tailored Living Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of More Space Place vs Tailored Living including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $102,800 - $185,100 | $172,930 - $284,295 |
| Franchise Fee | $29,500 | $14,950 |
| Royalty Fee | 5% | $300-$2K/mo. |
| Advertising Fee | - | $500/mo. |
| Year Founded | - | 2006 |
| Year Franchised | - | 2006 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | Lesser of initial, current fee | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| 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 |
||
| Training | - | *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 | - | 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 Loyalty program/app |
| Operations | - | Absentee Ownership Allowed Number of Employees Required to Run: 2 |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | Yes |
| International Expansion | Yes | - |
Company Overviews
About More Space Place
No longer franchising - Acquired by Closet & Storage Concepts
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.
Veteran Incentives 10% off franchise and territory fees
!["Top]("https://d1v10wa6gxsq73.cloudfront.net/images/production/top100_icon3.png")
#49 in Gator's Top franchises.
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
#359 in Franchise 500 for 2021.