Closet Factory, The
Yes, we actively support the inclusion and development of minority-owned franchises in the Closet Factory, The system.
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: info@closetfactory.com
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:
> North America -- Operations in 39 States, 2 Provinces
> States/Provinces with Greatest Density: 14 in CA, 8 in NY, 7 in FL
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 5-6 FT (FT = Full Time, PT = Part Time)
Space Needs: 3,500-4,000 SF; Warehouse or Industrial Park
(for abbreviations click here)
Financial Requirements
Cash Investment: $40-50K
Total Investment: $99.5-185K
Average Total Investment: $142K
Minimum Net Worth: $150-350K
Fees
>Franchise: $28.5-39.5K
>Average Franchise Fee: $34K
>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
Cooperative Advertising: No
Franchisee Assoc. / Member: No
Size Of Corporate Staff: NR
On-Going Support: B,C,D,E,G,h (for an explanation click here)
Training: 2 Weeks Corporate Headquarters; 4 Weeks On-Site.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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