Business Description

CLOSETTEC sells, manufactures and installs residential and commercial storage systems, using the finest melamine laminates and exclusive European hardware. We offer comprehensive training, field support, site selection, sales/marketing programs and on-going design assistance to every franchisee. Exclusive CAD and database programs.

Franchisor Background

Year Established:  1985

Franchising Since:  1986

Operating Units:
Franchised Units:	35	100%
Company-Owned Units:	0	0%
Total Operating Units:	35	100.0%
Geographic Distribution: U.S.: 35 100% In 0 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 35 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. Ohio	2
2. New York	2
3. Massachusetts	4

Registered in Following Registration States:

Financial Requirements

Investment:
Minimum Net Worth:	$
Cash Investment:	$
Total Investment:	$128-240K
Average Total Investment:	$184K
Fees:
Initial Franchise Fee:	$30K
Average Franchise Fee:	$30K
On-Going Royalty:	4.5%
Average Royalty:	4%
Advertising Fee:

Average Number of Employees: 3-5 Full-time, 0 Part-time

Space Needs (in square footage): 2,500-3,000

Preferred Sites:

Other Sites: Light Industrial

Encourage Conversions? Yes

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	4
General Business Experience:	4
Specific Industry Experience:	2
Formal Education:	3
Psychological Profile:	3
Personal Interview(s):	5
Terms of Contract
Term of Initial Contract:	15 Year(s)
Term of Renewal Period:	15 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	No
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	9
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	No
Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Not Applicable
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Not Applicable
Franchisee Newsletter:	Not Applicable
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Norwood, MA	2 Weeks
Expansion Plans
Projected New Units Over Next 12 months: 2 U.S.: Yes, All United States Canada: No Overseas: No	Request Franchisor Info   Submit an online form to receive information from Closettec.