CLOSET & STORAGE CONCEPTS

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.