CLOSET TAILORS Franchise Startup Cost, Profit & Opportunities
Closet Tailors franchise operates mainly in-home services, home improvements, and interior decorating.
With corporate headquarters at 1927 Glassell Street, Orange, California, the Closet Tailor’s franchise was created by Home Franchise Concepts and founded by Budget Blinds.
With 62 units in operation, it has the vision to create a robust national brand by deploying state-of-the-art marketing tools and a strong ad campaign to reach its customers grassroots.
Closet Tailors Franchise was founded in 2006 and went into franchising the same year. It has as its CEO Shirin Behzadi. It allows absentee ownership and has two as the number of employees required to run.
At the Closet Tailor’s franchise, there is no need for fabrication or equipment manufacturing.
Closet Tailors Franchises Services
Closet Tailors franchisees offer a broad range of services to clients.
Among such services are free in-house state-of-the-art design consultation and office and residential organizational system installation.
Offering franchisees the opportunity to join a 5 billion dollar industry, Closet Tailor’s franchisees are assured of profitability and professionalism with the assurance of customer satisfaction.
What Franchisees of Closet Tailors Franchise Stand to Benefit?
Closet Tailors Franchisees benefit from a wide range of services and support, which include the following;
– Comprehensive and Total Training: Here, a two-week course modeled after its successful Budget Blinds program is offered to franchisees, including support, workshops, and ongoing training.
– Marketing Tools: Tools for local marketing are made available to franchisees in the form of customizable fliers, postcards, door hangers, newspaper ads, etc.
– Personalized Business Rep: Here, franchisees are offered a representative from its corporate facility to help provide lasting solutions to any problems that may arise during the business.
– An Exclusive Territory: This is part of the benefits offered by its franchisees. This exclusive marketing area provided solely for eating franchisees dramatically helps capture the local area, reduces stiff competition, and enhances the likelihood for its franchises to excel.
Financial Requirements of Closet Tailors Franchise
Closet Tailors Franchise has specific financial requirements to be met before ownership. Among such is a Liquid Capital Requirement of $70,680, a Net-worth requirement of $150,000, a financial investment of $197,995 to $250,000, and a franchise fee of $24,950.
Closet Tailors Franchise Ongoing Fees
Closet Tailors franchise has an ongoing fee of $29,950 for its Initial Franchise Fee, a varying Ongoing Royalty fee, and a variable Ad Royalty Fee charge.
Closet Tailors Financing Options
There is a financing option available at the Closet Tailor’s franchise in the form of an in-house financing arrangement that covers the franchise fee.
How Many Profits Can Franchisees Make from Closet Tailors Franchise?
The profit potential of a Closet Tailors franchise is not in doubt. However, such profitability is relative and dependent on such factors as location, and the franchise size, among other factors.
But the most logical action of business owners is usually the promotion of high sales and reduction of losses. Hence a Closet Tailors franchise owner should consider administrative costs and the location of such a franchise to influence profitability.
Value Added Services of Closet Tailors Franchise
Other services on offer by Closet Tailor’s franchise include training, ensuring that franchisees have absolute knowledge of how it works; Support; franchisees are not left stranded as they are often updated and supported with vital information that will help them establish their businesses and ensure their client’s satisfaction.
Closet Tailors franchisees receive upon registration a proprietary software known as the “visual storage planner” that aids in estimation, design, and selling, helping the customer with ideas on organizational solutions.
Closet Tailors Franchise Veteran Incentives Program
Closet Tailors franchise has an attractive veteran incentives program that offers a waiver of $5,000 off territory fees for veterans.
How to Open Closet Tailors Franchise?
Joining Closet Tailors Franchise is relatively easy! Fill in the online form available for interested investors/ franchise candidates. A brief eligibility screening is carried out based on the information provided on the form.
After the candidate is considered eligible, he is immediately contacted by a Closet Tailors representative using the contact information supplied on the online form. From here, detailed discussions are held, and a possible physical or virtual meeting is conducted with the company CEO.
After this, the franchise candidate is presented with the company’s risk disclosure document, and the investor makes a deposit. After the warranty, a comprehensive training program is conducted to acquaint the new franchisee with operational knowledge and other things necessary for the smooth running of the franchise.
After qualifying as a Closet Tailors franchisee, you are entitled to extensive support. The franchise fee includes a two-week on-the-job training covering aspects like equipment and their coupling and installation procedures, including an exclusive 30,000 territory for its esteemed franchisees.
This summarizes the Closet Tailor’s franchise, its operation, and how to buy/join this lucrative franchise opportunity. More information can be found by contacting the company representative or checking the frequently asked questions section of the company website.