- Liquid capital required
- $100,000
- Net worth required
- $300,000
- Total investment
- $73,000 – $492,600
- Financing
- Via 3rd party
- Training
- Available
- Total units
- 3
- Year founded
- 1987
About Closet & Storage Concepts - More Space Place
More Space Place is a brand of Closet & Storage Concepts and the leading retailer for wall beds. We specialize in the manufacture and sales of Murphy beds, custom closets, and other space-saving solutions for residential and commercial use. Currently, we have over 27 franchised retail stores located in 10 states.
Values & History
For more than 30 years, Closet & Storage Concepts / More Space Place has been in the business of creating closet designs, manufacturing, and installing custom closet solutions for Murphy Wall Beds, closet storage, mudroom, pantry, laundry room, garage, and home office.
Our growth and sustainability in the space-saving furniture industry are attributed to our ability to listen to clients and identify their specific needs. With our attention to detail and customer-focused processes, clients are guaranteed quality artistry and top-of-the-line materials.
Industry Performance
Research nester reports that the space-saving furniture market is expected to grow at a CAGR of 7.5% to reach USD 13.2 billion from 2017 to 2024. This growth is due in part to the increased number of smaller homes in the populous cities of the world, thus leading to the need for saving space.
More Space Place's franchise model provides a completely scalable business, allowing you to determine your own success. Leverage development costs and national vendor relationships to launch your More Space Place franchise successfully.
Purchasing a Closet & Storage Concepts - More Space Place Franchise
To purchase a Closet & Storage Concepts / More Space Place franchise, an initial franchise fee of $19,500 to $38,500 (depending on the territory) and an initial investment range of $69,500 to $486,000 is required.
Ideal Candidate & Qualifications
While experience and expertise are not necessary, potential franchise owners are expected to show excellence in:
- Leadership
- Active people management and team-building skills
- Marketing aptitude
- Passion for excellence and success
Training & Support
With more than 30 years of industry experience, we provide franchise owners with a comprehensive and thorough training and support program that continues far beyond the opening of your business.
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