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 Yes, we actively support the inclusion and development of minority-owned franchises in the More Space Place system. More Space Place 5040 140th Ave., N. Clearwater, FL 33760-3735 |
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• Coupons • Promotional Items |
Business Description
One of America's Top 100 Franchise Opportunities! (as listed in Bond's Top 100 Franchises, 2004, 2006 and 2009). 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 and organized, hard-working and dedicated Veteran Owners are excellent candidates. To demonstrate our appreciation for their honorable service for the USA, Veterans will receive a $12,000 DISCOUNT off of their initial store. In relation to our initial franchise fee of $29,500, our MSP Veteran Transition Plan (VTP) represents a substantial 40% discount (valid through December 31, 2012).
Franchisor Background
Year Established: 1989
Franchising Since: 1993
North America:
States/Provinces with the largest number of operating units:
Registered in Following Registration States: California, Florida, Illinois, Maryland, Michigan, Minnesota, New York, Virginia, Wisconsin
Financial Requirements
Average Number of Employees: 3 Full-time, 1 Part-time
Space Needs (in square footage): 1,000-2,000
Preferred Sites: Free-standing Building, Storefront, Strip Center
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided?: No
One of America's Top 100 Franchise Opportunities! (as listed in Bond's Top 100 Franchises, 2004, 2006 and 2009). 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 and organized, hard-working and dedicated Veteran Owners are excellent candidates. To demonstrate our appreciation for their honorable service for the USA, Veterans will receive a $12,000 DISCOUNT off of their initial store. In relation to our initial franchise fee of $29,500, our MSP Veteran Transition Plan (VTP) represents a substantial 40% discount (valid through December 31, 2012).
Franchisor Background
Year Established: 1989
Franchising Since: 1993
| Operating Units: | |||||||||||||||||||||||||||||||||||||||||||
Franchised Units: | 37 | 88.1% | | ||||||||||||||||||||||||||||||||||||||||
| Company-Owned Units: | 5 | 11.9% | |||||||||||||||||||||||||||||||||||||||||
Total Operating Units: | 42 | 100.0% | |||||||||||||||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
| 1. South Carolina | 4 |
| 2. Texas | 3 |
Registered in Following Registration States: California, Florida, Illinois, Maryland, Michigan, Minnesota, New York, Virginia, Wisconsin
Financial Requirements
| Investment: | |
| Minimum Net Worth: | $150K |
| Cash Investment: | $40-60K |
| Total Investment: | $133-203K |
| Average Total Investment: | $168K |
| Fees: | |
| Initial Franchise Fee: | $29.5-22K |
| Average Franchise Fee: | $27K |
| On-Going Royalty: | 4.5% |
| Average Royalty: | 4% |
| Advertising Fee: | 2.5% |
Space Needs (in square footage): 1,000-2,000
Preferred Sites: Free-standing Building, Storefront, Strip Center
Other Sites:
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: | 1 | ||||||||
| Formal Education: | 3 | ||||||||
| Psychological Profile: | 2 | ||||||||
| Personal Interview(s): | 5 | ||||||||
| Terms of Contract | |||||||||
| Term of Initial Contract: | 10 Year(s) | ||||||||
| Term of Renewal Period: | 10 Year(s) | ||||||||
| Passive Ownership: | Allowed, But Discouraged | ||||||||
| Area Development Agreements? | Yes, for 10 Year(s) | ||||||||
| 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: | 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 | ||||||||
| Other Marketing Support: | None Specified | ||||||||
| On-Going Support: | |||||||||
| Central Data Processing: | Not Applicable | ||||||||
| Central Purchasing: | Included in Fees | ||||||||
| Field Operation Evaluation: | Included in Fees | ||||||||
| Field Training: | Included in Fees | ||||||||
| Initial Store Opening: | Included in Fees | ||||||||
| Inventory Control: | Included in Fees | ||||||||
| Franchisee Newsletter: | Included in Fees | ||||||||
| Regional or National Meetings: | Included in Fees | ||||||||
| 800 Telephone Hotline: | Included in Fees | ||||||||
| Training: | |||||||||
| 1. Headquarters Clearwater, FL | 12 Days | ||||||||
| 2. On-Site | 6 Days | ||||||||
| 3. Free Ongoing | |||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from More Space Place. • Coupons • Promotional Items |
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