Closet & Storage Concepts/More Space Place

At a Glance

Products & Services: Residential/commercial closet and storage systems; murphy beds

Number of Locations: 38

Total Investment: $22.2K - $197.2K

Founded: 1987

Began Franchising: 2000

About Closet & Storage Concepts/More Space Place

Founded by Bob Lewis in 1987, Closet & Storage Concepts designs, manufactures and installs custom closet and storage products in homes and businesses.

Franchise Units

Year U.S. Canadian International Company Owned
2014 34 1 0 3
2013 7 1 0 3
2012 7 1 0 3
2011 6 1 0 3
2010 6 1 0 4
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Canada, Mexico.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $22,150 - $197,200
Franchise Fee: $17,500 - $38,500
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 10% off franchise fee
Financial Requirements
Net Worth: $100,000
Liquid Cash Available: $50,000
Operations
Franchise can be run from home. Number of employees needed to run franchised unit: 10 - 12. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. At franchisee's location: 2 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: In-house graphics department

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