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TAKE A LOOK AT ONE OF AMERICA'S
TOP 100 FRANCHISES!
(Awarded two years in a row, 2004 & 2005, by
Source Book Publication “Bond's Top 100 Franchises.”)
As a More Space Place Store Owner, you can help your customers create stylish and smart space-saving furniture for their homes. Click for Product Brochure.
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.
DO YOU MEET THE PRE-QUALIFICATION CRITERIA?
1. The Financial Investment.
Your minimum personal cash investment can range between $40,000 to $60,000 or more, depending upon the location, development costs, your creditability and other factors. (Opening costs for a single unit can range from $133,000 to $203,000, or more.) Click for Initial Investment information.2. Do you have the time, ability and commitment to own and manage the business? Click for Franchising Information.
3. Your Commitment to be in a Franchise.
Are you able to follow the licensing process and operating systems of the More Space Place franchise? To assist you through the investigation of our business, we have created a discovery process. Click for Candidate Checklist.
What qualifications are necessary to own a More Space Place Franchise?Do I have to be involved in the day-to-day operation of my store?
What are the financial requirements necessary?
Do I get a protected territory? How does More Space Place assist in site selection?
What about the design and set-up of the store?
Contact:
Marty Juarez, V.P. Franchise Services
5040 140th Avenue North
Clearwater FL 33760
Ph. (727) 539-1611 ext. 14
Email: franchise@morespaceplace.com
DISCLAIMER: This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. There are approximately 14 countries and 15 US states that regulate the offer and sale of franchises. The countries are Australia, Brazil, Canada (provinces of Alberta and Ontario), China, France, Indonesia, Italy, Japan, Malaysia, Mexico, Russia, South Africa, South Korea, Spain and the United States of America. The US states are California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of, are receiving this message in, or intend to operate a franchise in any of these states or countries, we will not offer you a franchise unless and until we have complied with any applicable pre-sale registration and/or disclosure requirements in the applicable jurisdiction.
Question:
What qualifications are necessary to own a More Space Place Franchise?
Answer:
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.
Question:
Do I have to be involved in the day-to-day operation of my store?
Answer:
Yes and No. A high percentage of our Franchisees own multiple locations so they have to be able to duplicate their efforts to make separate locations operate. Most successful owners though have developed a management team and a strong reporting network so they are aware of each stores activities.
Question:
Is training mandatory?
Answer:
Absolutely. You, or an approved Manager, must successfully complete our training programs. The New Owner Training Program is included in your initial franchise fee (Excluding your costs associated with lodging, travel, employee pay, etc.)
Question:
What are the financial requirements necessary?
Answer:
Being properly financed is critical to your success. We shall perform background checks much as a financial lender will do. We have a 4.5% monthly royalty fee.After your first store Initial Franchise Fee of $33,500, we discount your Franchise Fee to only $22,000 per store.
The estimated opening costs for your Initial Franchise store (including franchise fee) are:
- Initial personal/cash investment ranges between $40,000 to $60,000.
- Total Initial Single-Unit investment ranges from $133,000 to $203,000.There are a number of factors which may affect your total cost including your; location, site conditions, local construction costs, local permit and government fees, your creditworthiness, when you open, and other factors outside of our control.
Question:
Do I get a protected territory? How does More Space Place assist in site selection?
Answer:
You and we will agree in the franchise license what territory you are going to service and you will receive a 10-year (renewable) License. We are only looking for approximately 200 MSP Stores within the Continental US.We work with real estate developers and brokers who assist with location identification within your territory. We combine site selection tools with experience-based criteria and provide consultation regarding location, visibility, store size, demographics, product selection, and much more.
Question:
What about the design and set-up of the store?
Answer:
Our Store Design Team will help you in designing your floor plan and with choosing the displays which offer a good selection of our product line.
Question:
How much money can I make?
Answer:
As a Franchise company, we are regulated as to how an earnings claim can be communicated. At the correct time in our Discovery Process, we require that you speak with our existing Franchise Owner’s to get the information you need to make an informed decision. Numerous Franchisee’s have chosen to expand and build more stores with us, we view this as an important indicator of how their stores are performing and their potential of capturing additional markets.
Question:
Is financing available?
Answer:
Yes. We offer third party financing recommendations. Although there are numerous variables involved, most SBA Lenders will require you to personally have approximately 30% liquid of the total startup investment cost.
