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.
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
5% royalty + $300/mo NAP ad fund + $200-230/mo software fees (BIZTRAX, CAD updates, email)
Franchise Stats
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
How CLOSET & STORAGE CONCEPTS Compares to Other Home Improvement Franchises
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
CLOSET & STORAGE CONCEPTS Current | $113K - $621K | $45K | 5.0% | 8 |
| 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 (2023)
Outlets by state across the United States
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 & STORAGE CONCEPTS franchise?
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.
How much revenue does a CLOSET & STORAGE CONCEPTS franchise make?
According to the 2024 FDD, the average gross revenue for a CLOSET & STORAGE CONCEPTS franchise is $2,899,198. The median revenue is $2,897,346.
How much profit can you make with a CLOSET & STORAGE CONCEPTS franchise?
Based on the financial performance data in the FDD, estimated profit for a CLOSET & STORAGE CONCEPTS franchise ranges from $482,341 to $772,261 per year. Actual results vary based on location, management, and market conditions.
How many CLOSET & STORAGE CONCEPTS franchise locations are there?
As of the 2024 FDD, CLOSET & STORAGE CONCEPTS has 8 franchise locations.
Is CLOSET & STORAGE CONCEPTS a good franchise to buy?
CLOSET & STORAGE CONCEPTS shows several positive indicators: transparent financial performance data (Item 19). 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.
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