Closet & Storage Concepts/More Space Place

Closet & Storage Concepts/More Space Place

Residential/commercial closet and storage systems; Murphy beds
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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$97K - $499K
Units as of 2020
40 2.6% over 3 years

Company Overview

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

About Closet & Storage Concepts/More Space Place

Industry
Home Improvement
Founded
1987
Leadership
Bob Lewis, President/CEO

Franchising Overview

Franchising Since
2000 (21 years)
# of employees at HQ
60
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees in the following international regions: Central America, Canada, South America, Mexico

# of Units
40 (as of 2020)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
436 Commerce Ln., #D
West Berlin, NJ 08091

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Closet & Storage Concepts/More Space Place franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$39,500 - $44,500
Initial Investment
$96,500 - $499,000
Net Worth Requirement
$100,000
Cash Requirement
$50,000
Veteran Incentives
25% off franchise fee
Royalty Fee
5%
Ad Royalty Fee
$300/mo.
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Closet & Storage Concepts/More Space Place has relationships with third-party sources which offer financing to cover the following: startup costs, equipment

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
80 hours
Classroom Training
80 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
10
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Closet & Storage Concepts/More Space Place landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Closet & Storage Concepts/More Space Place ranked on other franchise lists? Find out below.

Ranked #112

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The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021