Unit Option

Single, Multiple

Background

FDD Franchised Units: 26

Corporate Owned Units: 1

Projected New Units: 4

Year Established: 1997

First Year Franchised: 2002

Type of Business: Franchise

Hours of Operation: Regular Business Hours

Number of Employees: Small (1-5)

History:

More Space Place® is a home organization and storage products company dedicated to helping you Make Room for Life®. Founded in 1987 by Bob Lewis, the company has enjoyed over three decades of tremendous growth. We have served thousands of satisfied customers by designing and installing murphy wall beds, custom closet and storage systems, and
space-saving home furnishings.

With a national network of independently owned & operated franchises, we Make Room for Living®. We create custom storage and space-saving solutions for every room in the home. Whether you are creating your dream closet or searching for extra room for storage or to work, our design consultants offer endless possibilities to help organize your home, maximize space, and simplify your life.

Availability

Territories: United States

Financials

Liquidity: $50,000

*Investment Range: $164,200 - $253,400

**Average Investment: $164,200 - $253,400
Provided by the Franchisor

Minimum Net Worth: $100,001 to $250,000

6 Month Cash: $30,001

Franchise Fee: $59,500

Royalty: 5%

Royalty Description: 5% of Gross Revenues (minimum $125/week)

Advertising: Greater of 7% of monthly Gross Revenues or $8,000/month on Local Advertising (in addition to NAP)

National Advertising: 1%

Ramp-Up: 4 to 6 months

Passive Ownership: Semi- passive at onset (they can hire a manager to run business)
Passive Ownership means the owner is working 15 hours or less per week in the business.

Passive Ownership Explain: Franchise Owner can manage the manager at launch.

Available Discounts

• Veterans

Discount Description: We offer qualified veteran franchise candidates a 25% reduction in the Initial Franchise Fee for their first Franchised Business.

Training, Support and Assistance

Co-Operative Advertising: N/A

Site Selection Assistance: Available

Lease Negotiation Assistance: Available

Length of Training: 18 days

Training Description:

Before you open your initial More Space Place franchise, we provide you eleven days of training (Sessions 1 & 2) in our facilities and an additional seven days (Sessions 3 & 4) at our facilities, at a franchised location or your store. Except for the technical hands-on Installation Training that we designate, you must be present for each session in its entirety and according to the schedule mandated by us.

We will schedule on-location sessions as the need and the availability of training staff, in our discretion, allows. All initial training (Session 1 & 2) is held either in the Pinellas County, Florida or the Washington DC area, on an as needed basis and Session 3 is held in Pinellas County, FL or at your store location. Session 4 will be at your store location.

Operational and Marketing Tools:

Each Owner is provided with three books; Operations Manual, Marketing Guide and Installation Manual. There is an intranet site available for marketing, memos and correspondence updates. Our in-house marketing team provides Online Marketing Playbook as well asl customized marketing materials for each location.  Our readily available staff can be reached virtually any time your business is operating, or there is a product installation occurring, just in case you need answers in a hurry.

Financing Assistance: N/A