More Space Place Franchise
Thursday, May 13, 2010 at 03:10PM Space-saving furniture system
As a More Space Place Store Owner, you can help your customers create stylish and smart space-saving furniture for their homes.
We still have great single store and multiple-unit territories available Nationally, but with our United States goal set at only around 200 stores, you may want to take a look at us right now.
Start-up Costs & Franchises Fees
What is the total cost to open a More Space Place Franchises?
Total Cost: $133,000 USD -$203,000 USD
Total Franchise Fees: $18,000 USD -$29,500
Ongoing Royalty Fees: 4.5%
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: 15% of initial franchise fee
Contact Information for More Space Place
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More Space Place |
Toll Free: (888)731-3051 |
More Space Place In the Press
No results at this time.Historical Expansion
In what year did More Space Place begin operations? 1985
When did More Space Place begin selling franchises? 1993
Year United States Canada International Corporate 2005 29 0 0 3 2004 23 0 0 3 2003 22 0 0 3 2002 22 0 0 0 2001 19 0 0 0
Future Expansion
United States: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, West Virginia, Wyoming,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No No Payroll No No
Training & Support
Training
Additional training available as necessary
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media
Franchise Operation Restrictions
54% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 3
Absentee ownership of franchise is allowed. (93% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:A business or management background and strong people skills will benefit you. You must also have the required amount of capital, financial stability and a desire to succeed. No furniture experience is necessary.
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes