More Space Place

5040 140th Ave., N.
Clearwater, FL 33760-3735
  • (888) 731-3051 / (727) 539-1611
  • (727) 524-6382 (Fax)

One of America's Top 100 Franchise Opportunities! (as listed in Bond's Top 100 Franchises, 2004, 2006, 2009 and 2013). 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 an initial store discount towards their first MSP store. For a limited time, a DMP initial store discount is available to qualified individuals.

Franchisor Background

Year Established: 1989

Franchising Since: 1993

Operating Units

Franchised Units 33 91.7%
Company-Owned Units 3 8.3%
Total Operating Units 36 100%

Geographic Distribution

USA 36 100.0% In 13 States
Canada 0 0.0% In 0 Provinces
International 0 0.0% In 0 Foreign Countries
Total 36 100%

Multi-Unit Operators

Multi-Unit Operators N/A
Franchises Owned by Multi-Unit Operators N/A

North American Unit Density

Density Units
South Carolina 4
Texas 3

Registered in the following Registration States

California, Florida, Illinois, Maryland, Michigan, Minnesota, New York, Virginia, Wisconsin

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Support and Training

General Information

IFA Member No
CFA Member No
Franchisee Association? 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
Additional Services: Grand Opening, In-House Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies

Ongoing Support

Central Data Processing N/A
Central Purchasing Included
Field Operation Evaluation Included
Field Training Included
Initial Store Opening Included
Inventory Control Included
Franchisee Newsletter Included
Regional or National Meetings Included
800 Telephone Hotline Included

Training

On-Site Ongoing
Headquarters Clearwater, FL 11 Days
On-Site 6 Days
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Financial Requirements

Investment

Minimum Net Worth N/A
Cash Investment $30-50K
Total Investment $98-165K
Average Total Investment $131K

Fees

Initial Franchise Fee $29.5-22K
Average Franchise Fee $27K
On-Going Royalty 4.50%
Average Royalty 4%
Advertising Fee 2.50%

Site Information and Requirements

Average Number of Full-Time Employees 3
Average Number of Part-Time Employees 1
Space Needs (in square feet) 1,000-1,600
Preferred Site Types Free Standing Building, Storefront, Strip Center
Encourages Conversions Yes
Item 19 (Earnings Claim) Provided? No
Listed in the SBA Registry? No
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Franchisee Qualifications

Financial Net Worth 4
General Business Experience 4
Specific Industry Experience 1
Formal Education 3
Psychological Profile 2
Personal Interviews 5
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Terms of Contract

Term of Initial Contract 10
Term of Renewal Period 10
Passive Ownership? Not Allowed
Area Development
Agreements?
Yes, for 10 years
Sub-Franchisor
Contracts?
No
Franchisees Allowed to Expand Within Territory? Yes
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Expansion Plans

Projected New Units Over Next 12 Months 6
USA Yes, All United States
Canada No
Overseas No
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Request Information for More Space Place

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