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More Space Place
One of America's Top 100 Franchise Opportunities! (as listed in Bond's Top 100 Franchises, 2004, 2006 and 2009). We create beautiful living spaces for our customers. Picture an elegant home office that converts into an extra bedroom. With our professionally installed Murphy bed and custom-designed office, it can happen. With us, you can fashionably design closets, entertainment centers, utility rooms and garages and turn spare bedrooms into multi-purpose rooms.
More Space Place® Franchise is actively seeking the best candidates for ownership of our More Space Place retail stores. Organized, hard-working and dedicated Veterans have proven to be excellent MSP Business Owners and Operators. Honorably-discharged Veterans will receive a $15,000 INITIAL STORE DISCOUNT towards their first MSP store. In relation to the Initial Franchise Fee of $29,500, the VTP represents an astounding 50% discount!
Most MSP Store Owners have come from a management career completely unrelated to furniture design or construction, and the franchise has benefitted greatly from that melting pot of talent and knowledge.For a limited time, a DMP $10,000 INITIAL STORE DISCOUNT is available to qualified individuals. For more information, restrictions and guidelines, please contact More Space Place,Inc.
Franchisor Background
Year Established:
1989
Franchising Since:
1993
Operating Units:
Franchised Units:
37
88.1%
Company-Owned Units:
5
11.9%
______
_____
Total Operating Units:
42
100%
Geographic Distribution:
U.S.:
42
100%
In 14 States
Canada:
0
0%
In 0 Canadian Provinces
International:
0
0%
In 0 Foreign Countries
______
_____
Total:
42
100%
North America:
States/Provinces with the largest number of operating units:
Density
Units
1. South Carolina
4
2. Texas
3
Registered in Following Registration States:
California, Florida, Illinois, Maryland, Michigan, Minnesota, New York, Virginia, Wisconsin
Financial Requirements
Investment:
Minimum Net Worth:
$150K
Cash Investment:
$40-60K
Total Investment:
$133-203K
Average Total Investment:
$168K
Fees:
Initial Franchise Fee:
$29.5-22K
Average Franchise Fee:
$27K
On-Going Royalty:
4.5%
Average Royalty:
4%
Advertising Fee:
2.5%
Average Number of Employees:
3 Full-time, 1 Part-time
Space Needs (in square footage):
1,000-2,000
Preferred Sites:
Free-standing Building, Storefront, Strip Center
Other Sites:
Encourage Conversions?
Yes
Earnings Claims Provided?
No
Listed in the SBA Registry?
No
Support and Training
International Franchise Association:
No
Canadian Franchise Association:
No
Franchisee Association/Member:
No
Size of Corporate Staff:
55
Site Selection Assistance?
Yes
Lease Negotiation Assistance?
Yes
Financial Assistance?
Yes, Indirect
Marketing Support:
Co-Op Advertising:
Yes
National Advertising:
Yes
Regional Advertising:
Yes
Local Advertising:
Yes
Marketing Materials:
Ad Slicks, Brochures, Catalogs, Coupons/rebates, Direct Mailers, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits, Videos
