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More Space Place

Franchise

More Space Place helps customers make the most of the room they have in their home with space-saving furniture and products, including Murphy and panel beds as well as home offices, custom closets, media centers, workshops, garage systems, and pantries. In addition to products, the company offers design consultation and installation services. No previous experience in the furniture industry is required to become a More Space Place franchisee. The company offers training and startup and ongoing support, including financing, store design and setup, operations, and marketing assistance.

Facts & Figures

Liquid capital required
$40,000
Net worth required
$150,000
Investment
$98,000 - $165,000
Franchise fee
$29,500
Units in operation
33

Overview

About More Space Place

More Space Place is the nation's largest retail franchise chain of wall bed and closet systems with 36 locations throughout the United States. More Space Place retail stores sell a collection of space saving furniture for every room in the home, including Murphy beds, wall beds, panel beds, wall units, entertainment centers, home office work stations, closet and organizational systems, pantry systems and garage systems. Founded in 1989, More Space Place is headquartered in Clearwater, Florida.

The More Space Place addresses some of today's greatest challenges: needing more space and better organization. Not only do they offer the new and improved versions of the original Murphy bed, along with an array of accompanying cabinets, but also solutions for home offices, closets, garages, entertainment centers, laundry rooms and pantries.

Company History

More Space Place began its legacy with an office and warehouse space in Jacksonville, FL. The company was one of the first to introduce the combination of a quality “Murphy bed” frame with the low cost of melamine cabinetry. In 1993, the conversion to a franchise company took place, using the name Murphy Bed Centers of America. Robert H. Wood purchased the Fort Myers, Florida franchise territory and eventually took over the Murphy Bed Centers of America in 1995.

There are currently 36 retail stores consisting of 34 franchised stores and two company-owned stores. The chain has presence in 13 states across the country including: Colorado, Delaware, Florida, Georgia, Maryland, New Hampshire, New York, North Carolina, South Carolina, Texas, Tennessee, Puerto Rico and Virginia. New openings in the marketplace continue to arise even among difficult economic conditions, presenting numerous opportunities for rapid growth and expansion. The company has managed to thrive and flourish, sustaining its profitability and carrying on its tradition of renown customer service and a flair for organization.

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