Closet Factory, The
Closet Factory, The
12800 S. Broadway
Los Angeles CA 90061-1116
800#:(800) 318-8800
Tel: (310) 715-1000
Fax: (310) 516-8065
E -Mail: info@closetfactory.com
Web Site: www.closetfactory.com
Contact: Mr. John LaBarbara
THE CLOSET FACTORY franchise is the # 1 rated franchisor in custom closet systems (Entrepreneur Magazine, 1998). It is also the fastest-growing franchisor (Entrepreneur Magazine, 1996) in Closet Systems, and its closets are ranked the best in overall ratings (Consumer Reports, August, 1996). THE CLOSET FACTORY now has operations in six countries and offers a unique opportunity for a master franchisee to operate his or her own factory and business, as well as sub-franchise throughout his or her country or region. Franchisees design, sell, manufacture and install custom closet systems, entertainment centers, pantries, garage organizers and office systems. Franchisees have the rare opportunity to operate a large, high-margin business with a relatively low investment because of our unique vertical integration. Franchisees enjoy exclusive territories, turn-key start-up, extensive training, the finest marketing and promotional materials and continuing on-going support. Join the proven leader and build your future helping people organize and maximize their space. -1
Franchisor Background
Established: 1983
First Franchise: 1985
First International Franchise: 1995
Franchise Units: 90
Company-Owned Units: 27
Total Units: 117
Distribution:
U.S. - 81; Canada -- 4; International -- 8
Projected Total New Units Over Next 12 months: 20
Projected New International Units Over Next 12 months: 5
Size Of Corporate Staff: 110
Financial Projections Provided: No
Term of Franchise Agreement/Renewal (Master): 10/10
Term of Franchise Agreement/Renewal (Area): NR
Minimum Financial Requirements: Master franchise fee, cost of first factory and adequate working capital. Total varies with country.
Expansion Requirements: Will vary with country.
Franchisor Financial Assistance: No
Franchise Fee(Master): We evaluate the country, population, urbanization, financial growth and economic factors.
Franchise Fee(Area): NR
On-Going Royalty (Master): 1.6875% of gross revenues of all CLOSET FACTORIES in a country.
On-Going Royalty (Area): NR
Franchisor Ad Program: On-going support and collaboration with master franchisees with regard to advertising in their country.
International Trade Associations: IFA
Franchisee Qualifications
Ranked 1-5, 5 Being Very Important
Net Worth: 5
Business Experience: 5
Ability to 'Get Things Done': 4
Industry Experience: 2
Franchising Experience: 2
Psychological Profile: 5
Personal Interview(s): 5
Training/Services
Initial Franchisee Training: Three intensive weeks at our headquarters in Los Angeles and a minimum of one month on location. We also offer opening assistance and training in franchisee's country.
On-Going Support: g,I
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International Agreements
Individual Operating Units: Sometimes
Master Franchising: Most Often
Area Development: Never
Licensing: Very Rarely
Foreign Subsidiary: Never
Joint Venture: Never
Other:
Preferred Franchise Relationship: THE CLOSET FACTORY looks for an interdependent relationship to take and combine the knowledge of each master franchisee, with regards to his country and customs, and combine them with our knowledge and expertise to dominate the custom closet and storage market in the individual country. Strong support, training and R & D is provided by THE CLOSET FACTORY.
Seeking Partners In
North America: US (81), CA (4)
Europe/Eastern Europe: AU, BE, CZ, DE, FI, FR, GR, GC, HU, IR, IT, NE, NO, PO, PT, RO, RU, SP, SW, SZ, TU, UK, YU
Far East: AU (4), CH, GU, HK, IN, ID, JA, KO, MA, NZ (1), PH, SI, TA, TH
Mexico: MX
Caribbean: BE (1)
Central America: BE, CR, EL, GA, HO, NI, PA
South America: AR, BO, BR, CH (2), CO, EC, FG, GY, PG, PE, SU, UR, VE
Middle East / India: IN, PK, OM, SA, UA
Africa: SA
Countries Not Listed Above:
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