As the nation’s largest Murphy bed retailer, More Space Place makes room for the way customers live, with a variety of beautiful, stylish and smart room solutions that can be customized for a room of any size. Store owners work with customers to maximize their home and work space. More Space Place provides customers with the ability to easily design a walk-in custom closet, create a organized pantry or utility room, build a useful custom garage storage space or construct a home office with wall mounted cabinets and custom work surfaces. More Space Place Murphy beds allow customers to convert a bedroom into an office or playroom. When needed, the room easily converts back into a comfortable bedroom. 

Most closet stores and cabinetry shops are in warehouse spaces, but More Space Place builds beautifully designed, efficient and practical showrooms. Vignette displays, samples and proprietary software package allow customers to visualize what their room will look like. More Space Place also provides franchisees with powerful software which can be used for in-home consultation.

Investment Required

The fee for an initial More Space Place franchise is $29,500. Additional licenses are $22,000.

More Space Place provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.

On-going Expenses

More Space Place franchisees pay a royalty fee equal to the greater of 4.5% of gross revenue or $500 per month and a National Advertising Program (NAP) fee equal to $200 per month. A NAP fee equal to the greater of 2.5% of gross revenue or $250 per month may be instituted.  Franchisees must contribute a minimum of 7% of gross sales towards local, regional and national advertising; required expenditures are applicable towards the 7% minimum.

What You Get—Training and Support

More Space Place Store Owners are not required to have a carpentry or designer background. Owners typically assume the role of General/Sales Manager and employees are hired for product installation.

Franchisees receive a comprehensive start-up package that includes financing options, site-selection support, showroom design and specifications, product selection, free owner and personnel Home Office training classes and a product line with thousands of variations.

Additional support is provided for furniture selection, start-up, accounting setup, product knowledge, sales training, advertising and marketing. Franchisees also benefit from a powerful CAD system, a product ordering and inventory system, minimal standing inventory, a single-source supplier, new product development and acquisition, group purchasing power and manufacturer product guarantees.

Territory

More Space Place has a Continental United States expansion plan of approximately 200 stores under the current concept. A small city and conversion program may be available. The Company grants exclusive territories that cannot be changed as long as the agreed upon store(s) quantity is maintained.  Development territories may be available to those franchises qualified to open multiple units.