More Space Place
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
800#: (888) 731-3051 + 14
Tel: (727) 539-1611
Fax: (727) 524-6382
E-mail: mjuarez@morespaceplace.com
Web Site: www.morespaceplace.com
Contact: Mr. Marty Juarez, Vice President Franchising
One of America's Top 100 Franchise Opportunities! (as listed in Bond's Top 100 Franchises, 2004 and 2005). 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.
Franchisor Background
Established: 1989
First Franchise: 1993
Franchise Units: 35
Company-Owned Units: 3
Total Units: 38
Distribution:
> North America -- Operations in 12 States
> States/Provinces with Greatest Density: 22 in FL, 3 in TX, 3 in SC
Units Owned by Minorities:
>African-American:
>Hispanic: 2
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 3 FT, 1 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,400-2,000 SF; FS, SF, SC
(for abbreviations click here)
Financial Requirements
Cash Investment: $40-60K
Total Investment: $128.5-194K
Average Total Investment: $160K
Minimum Net Worth: $150K
Fees
>Franchise: $18-29.5K
>Average Franchise Fee: $23K
>Royalty: 4.5%
>Advertising: 2.5%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Discouraged
Area Development Agreements:Yes/10
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: No
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 55
On-Going Support: B,C,D,E,F,G,H,I (for an explanation click here)
Training: 12 Days Headquarters Clearwater, FL; 6 Days 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.
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