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CLOSET & STORAGE CONCEPTS
Closet & Storage Concepts franchises specialize in designing, marketing, constructing, and installing custom storage solutions for closets, garages, and other areas in residential and commercial spaces. Franchisees may operate retail showrooms to sell related accessories like doors, racks, organizers, and hardware, either manufacturing components or purchasing from approved suppliers. The business model targets consumers across all age groups, economic levels, and geographic areas seeking optimized storage, with competition from various retail and specialty stores.
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Franchise Costs
5% royalty + $300/mo NAP ad fund + $200-230/mo software fees (BIZTRAX, CAD updates, email)
Financial Performance
Item 19 Financial Performance
Data Based On: Five representative franchised Closet & Storage Concepts locations open for at least 1 year as of December 31, 2023, located in a market containing at least 1 million people, operating for the full 12 months of 2023, and operating from a dedicated retail showroom location staffed full time.
* Best guess profit range calculated by subtracting average Cost of Goods Sold ($754,691), average Payroll Expense ($1,063,966), average Advertising Spending ($56,629), and average Rent Expense ($106,691) from the average Gross Revenue ($2,899,198). The remaining amount of $917,221 was then reduced by an estimated range of 5% to 15% of Gross Revenue for other unlisted operating expenses. This results in a high estimate of $772,261 ($917,221 - 5% of GR) and a low estimate of $482,341 ($917,221 - 15% of GR). For revenue_top_quartile and revenue_bottom_quartile, the highest and lowest gross revenues were used respectively, as the sample size of 5 does not allow for a clear quartile definition, and these represent the extreme ends of performance.
Extracted Item 19 Section
Avg. Revenue: $2,899,198
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Unlock financial performance dataCLOSET & STORAGE CONCEPTS Franchise Analysis
Imagine a home improvement franchise with only eight locations pulling in revenue figures that could make even established chains envious—what's the catch? Item 19 finally spills the earnings data for Closet & Storage Concepts, revealing a financial picture that's both dazzling and puzzling. With zero growth last year and just one new unit projected, does this high-revenue niche survive on quality over quantity, or is expansion stalled for a reason?
Item 7 lays out the startup costs from $112,550 to $621,050, including a $44,500 franchise fee, with variables like showroom buildout and inventory driving the wide range. Ongoing fees hit 5% royalty plus $300 monthly for NAP ad fund and $200-230 for software like BIZTRAX. But the real stunner is Item 19: average gross revenue of $2,899,198 and median $2,897,346 across those eight franchise locations, translating to estimated profits of $482,341 to $772,261 after expenses. For a custom storage solutions business targeting closets and garages, these numbers suggest strong per-unit performance in residential and commercial installs, plus accessory sales.
System health metrics raise flags, though—franchise locations flat at eight from 2022 to 2023 (0% growth), four corporate spots, and only one projected new unit. No contraction mentioned, but the tiny footprint questions scalability in a competitive field against big-box retailers. High revenues make the investment compelling if you nail local demand for organizers and hardware, yet stagnant expansion hints at market saturation or operational hurdles—perfect for operators loving high-margin custom work over rapid scaling.
Analysis based on the 2024 Franchise Disclosure Document. All figures should be independently verified before making investment decisions.
How CLOSET & STORAGE CONCEPTS Compares
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
CLOSET & STORAGE CONCEPTS Current | $113K – $621K | $45K | 5.0% | 8 |
| BUDGET BLINDS | $101K – $211K | $20K | 3.5% | 1,366 |
| Koala Insulation | $195K – $242K | $50K | 6.5% | 333 |
| Five Star Bath Solutions | $162K – $334K | $60K | 6.0% | 306 |
| CERTA PROPAINTERS | $171K – $321K | $65K | N/A | 303 |
| FCI | $184K – $249K | $55K | 5.0% | 288 |
Home Improvement Average 64 franchises | $139K – $246K | $51K | 6.2% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 64 Home Improvement franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
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Unlock location growth dataFranchisee Contacts
8 franchisee contacts on file from official FDD filings.
8 Contacts Available
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Unlock contactsDue Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Unlock due diligence reportsFrequently Asked Questions
The total initial investment to open a CLOSET & STORAGE CONCEPTS franchise ranges from $112,550 to $621,050. This includes a franchise fee of $44,500. Ongoing royalty fees are 5.0% of gross sales.
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