CLOSET FACTORY
Closet Factory franchises enable operators to market, design, manufacture, construct, install, repair, and service custom closets and storage systems for consumers, while also selling related products and services. The business operates under the franchisor's trademarks and standards, with franchisees running retail outlets that provide turnkey custom storage solutions. The primary target market is residential consumers seeking personalized home organization and storage improvements.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
6.75% royalty (greater of % or $975/wk min) + 15% marketing fund + $95/mo ClosetWare license
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: 47 Franchised Closet Factory Businesses open more than one year on December 31, 2024.
* Financial performance data for 2024 was extracted from '2024 TABLE 1' and '2024 TABLE 3'. 'Average Gross Revenue' ($6,097,058) and 'Median Gross Revenue' ($4,618,860) were taken directly from '2024 TABLE 1'. 'Revenue Top Quartile' ($13,567,654) and 'Revenue Bottom Quartile' ($1,244,968) were sourced as the 'Average Sales Data' for the First and Fourth Quartiles respectively, from '2024 TABLE 3'. The total number of units (47) and their distribution across quartiles (12 units for First, Second, and Third Quartiles each; 11 units for the Fourth Quartile) were determined by cross-referencing '2024 TABLE 1' and the detailed individual business listings in '2024 TABLE 2' across pages 2 and 3. No explicit profit, net income, net profit, or EBITDA figures, or sufficient expense data to estimate them, were provided in the document.
Extracted Item 19 Section
How CLOSET FACTORY Compares to Other Home Improvement Franchises
Key Insights
- Higher investment than 100% of Home Improvement franchises
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
CLOSET FACTORY Current | $393K - $664K | $59K | 6.8% | 86 |
| BUDGET BLINDS | $101K - $211K | $20K | 3.5% | 1,366 |
| Koala Insulation | $189K - $234K | $50K | 6.5% | 395 |
| CERTA PROPAINTERS | $171K - $321K | $65K | N/A | 303 |
| FCI | $184K - $249K | $55K | 5.0% | 288 |
| That 1 Painter | $113K - $189K | $59K | 6.0% | 265 |
Home Improvement Average 63 franchises | $140K - $247K | $52K | 6.2% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 63 Home Improvement franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+19 more states
SBA Loan History
Historical SBA 7(a) loan data for CLOSET FACTORY franchisees (2010 - 2025)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a CLOSET FACTORY franchise?
The total initial investment to open a CLOSET FACTORY franchise ranges from $392,500 to $663,500. This includes a franchise fee of $58,500. Ongoing royalty fees are 6.8% of gross sales.
How much revenue does a CLOSET FACTORY franchise make?
According to the 2025 FDD, the average gross revenue for a CLOSET FACTORY franchise is $6,097,058. The median revenue is $4,618,860.
How many CLOSET FACTORY franchise locations are there?
As of the 2025 FDD, CLOSET FACTORY has 86 franchise locations. The company has been franchising since 1985.
Can you get an SBA loan for a CLOSET FACTORY franchise?
Yes, SBA loans are available for CLOSET FACTORY franchises. Historical data shows 27 SBA 7(a) loans have been approved for CLOSET FACTORY franchisees, with an average loan amount of $722,789. The historical default rate is 3.7%.
Is CLOSET FACTORY a good franchise to buy?
CLOSET FACTORY shows several positive indicators: transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in CLOSET FACTORY?
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