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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: [email protected]
Web Site: www.closetfactory.com
Contact: Mr. John LaBarbara, Chief Executive Officer
Join the industry leader, ranked #1 in custom closets by Entrepreneur Magazine worldwide. Franchisees design, sell, manufacture and install custom closet systems, garage organizers, kitchen pantries, entertainment centers and custom office systems. Operate a large, vertically integrated cash business during normal business hours in an exclusive territory. A complete turn-key business through training and on-going support. No technical experience is necessary.
Franchisor Background
Established: 1983
First Franchise: 1985
Franchise Units: 90
Company-Owned Units: 27
Total Units: 117
Distribution:
U.S. -- 102;
Canada -- 5;
International -- 10
-North America -- Operations in 39 States, 2 Provinces
-States/Provinces with Greatest Density: 14 in CA, 8 in NY, 7 in FL
Projected New Units Over Next 12 months: 15
Franchisee Qualifications: 5, 5, 2, 4, 3, 3
(Click here for an explanation)
Registered in Following Registration States: CA,FL,IL,IN,MD,MI,MN,NY,OR,VA,WA,WI,DC,AB (Click here for an explanation)
Average Number of Employees: 5-6 FT (FT = Full Time, PT = Part Time)
Space Needs: 3,500-4,000 SF; Warehouse or Industrial Park
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $40-50K
Total Investment: $99.5-185K
Average Total Investment: $142.3K
Minimum Net Worth: $150-350K
Fees:
-Franchise: $28.5-39.5K
-Average Franchise Fee: $34.0K
-Royalty: 5.8%
-Average Royalty: 5.8%
-Advertising: 1%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 5/5
Passive Ownership: Allowed
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: No
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: No
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: NR
On-Going Support: B,C,D,E,G,h (Click here for an explanation)
Training: 2 Weeks Corporate Headquarters; 4 Weeks On-Site.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: All Canada
Overseas: All Countries
Note: NR = No Response by Franchisor.
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