Since its inception over 20 years ago, More Space Place has been committed to helping individuals discover customized furniture solutions that suit a space of any size. More Space Place makes room for the way customers live with a wide selection of beautiful, stylish, and smart designs that are highly adaptable to any room. With the help of store owners, customers are able to design a room that caters to their precise needs – a custom walk-in closet, an organized pantry or utility room, an individualized garage and storage space, or a deluxe entertainment center. Rather than displaying closet and cabinetry products in warehouse spaces, More Space Place constructs beautiful, efficient, and practically designed showrooms that accentuate and compliment product designs. More Space Place also provides franchisees with powerful software that can be used for in-home consultation.
|Franchised as % of Total||88.10%||88.10%||89.70%|
The initial franchise fee for a More Space Place franchise is $29,500. More Space Place provides the following range of investments required for your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
|Item||Established Low Range||Established High Range|
|Expenses While Training||$2,500||$4,000|
|Real Estate Improvements||$20,000||$38,000|
|Office Equipment and Supplies||$2,000||$3,000|
|Computer Hardware and Software||$2,200||$2,400|
|CAD Design Software Keys||$1,800||$3,600|
|Pallet Lifter/Fork Lift||$600||$3,000|
|Trailer or Van||$1,600||$3,700|
|Signage and Graphics||$5,000||$12,000|
|Store Display Accessories||$3,500||$6,000|
|Grand Opening Advertising||$8,000||$12,000|
|Architect's Fee and Engineering||$0||$3,000|
|Misc. Opening Expenses||$4,000||$6,000|
|Additional Funds (3 months)||$25,000||$35,000|
|Total Estimated Cost||$133,000||$203,000|
Franchisees are required to pay ongoing royalty fees equal to the greater of 4.5% of gross revenues or $500 per month minimum, as well as national a advertising contribution of 2.5% of gross revenues or $250 per month minimum. Other fees include regional and local advertising.
The initial training program provided by More Space Place consists of 11 days of training at company headquarters in Pinellas County, FL, followed by an additional week of training at either the More Space Place facility or the franchisee’s store. Topics include the installation process, marketing, product assembly, and retail store operations More Space Place will continue to provide consultation services as well as additional training courses as needed.
More Space Place grants exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2012 FDD. The 2012 write-ups will be incorporated into the 2013 Edition of the Bond’s Top 100 Franchises publication.