FAQs ON How to Open a Home Improvement Franchise
More Space Place makes the entire process of learning how to open a home improvement franchise much easier on you. We understand that you’ll have some questions about our opportunity as you weigh your options, and we will always make ourselves available to get you the answers you need. Here are just a few of the frequently asked questions we get about our business model.
No franchise investment is the same – each brand has the freedom to set their costs as they see fit. With over three decades of franchising experience, we exactly know what it takes to get your business up and running. More Space Place franchisees are required to fulfill an initial investment ranging between $102,800 – $185,100. If you’d like to learn more about how much it costs to open a Murphy Bed and custom closet design franchise, feel free to contact us and request a copy of our Franchise Disclosure Document.
While having industry experience may help you understand some of the technical aspects of our business, it’s by no means a requirement to qualify for our franchise opportunity. Throughout our training and onboarding process, we will guide you through everything you’ll need to know as a More Space Place franchisee. It’s more relevant to us that candidates possess strong leadership qualities and understand the importance of providing the best possible customer experience.
While some businesses in the economy were hit hard by the pandemic, More Space Place was fortunate enough to benefit from the new consumer spending habits regarding the home improvement industry. We knew that being prepared in such an unpredictable economic climate was our responsibility as a franchisor.
Our management team reviewed the requirements to qualify for a PPP business loan thoroughly. Once we fully understood all of the qualifications, we worked directly with our owners on a case by case basis to complete the application process. Thankfully every single franchisee who applied, was granted a PPP loan and in turn was also was grated forgiveness on that loan. We also reviewed all of the COVID-19 safety guidelines in each individual state to insure that our franchisees were exceeding the recommended safety protocols in the cities and states in which they operate. This allowed us to continue to operate in the safest environment possible for both our employees and our customers.
As a More Space Place franchisee, your immediate competition could vary depending on the businesses around you, which we’ll consider during the development process. There may be franchise concepts like us out there, but our proven stability and tremendous brand power certainly give More Space Place the upper-hand. Your direct competitors could be lesser-known independent contractors or large commercial retail brands. Either way, the competition simply can’t match our high standards for quality craftsmanship and customer satisfaction.
Yes, we want to open up greater opportunities for retired or active military members to partner with our brand because they already possess some of our ideal franchisee qualities. More Space Place is an active member of VetFran, allowing qualified veterans to join our brand with a 25% discount off their $39,500 franchise fee!
If you still have some questions about how to open a home improvement franchise with More Space Place -we want to help! Get in touch with a member of our franchise development team today for more information.