Rubbermaid Fastrack Closet Design Tool
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Since 1982, Closets By Design has been installing custom closets, garage organizers, entertainment centers and home office systems. Franchisees manufacture all products and handle installation.
All Closets By Design franchisees are owner/operators.
- Parent Company
- Home Organizers
- Leadership
- Jerry Egner, President
- Franchising Since
- 1998 (23 years)
- Where seeking
-
This company is seeking new franchisees worldwide.
This company is seeking new franchisees in the following international regions: Canada
- # of Units
- 71 (as of 2021)
- Corporate Address
- 13272 Garden Grove Blvd.
Garden Grove, CA 92843
Here's what you need to know if you're interested in opening a Closets By Design franchise.
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $20,000
- Initial Investment
- $152,000 - $428,000
- Net Worth Requirement
- $500,000
- Cash Requirement
- $200,000
- Veteran Incentives
- 10% off franchise fee
- Term of Agreement
- 5 years
- Is franchise term renewable?
- Yes
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- Closets By Design offers in-house financing to cover the following: inventory, accounts receivable, payroll
- Third Party Financing
- Closets By Design has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 144 hours
- Classroom Training
- 80 hours
- Ongoing Support
-
Franchisee Intranet Platform
- Marketing Support
-
Marketing Planning & Support
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 5
- Are exclusive territories available?
- Yes
Compare where Closets By Design landed on this year's Franchise 500 Ranking versus previous years.
Curious to know where Closets By Design ranked on other franchise lists? Find out below.
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021
Rubbermaid Fastrack Closet Design Tool
Source: https://www.entrepreneur.com/franchises/closetsbydesign/282215
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