How much revenue does a Up Closets franchise make?

According to the 2025 FDD, the average gross revenue for a Up Closets franchise is $39,553. The median revenue is $36,610.

How many Up Closets franchise locations are there?

As of the 2025 FDD, Up Closets has 44 franchise locations. The company has been franchising since 2022.

Can you get an SBA loan for a Up Closets franchise?

Yes, SBA loans are available for Up Closets franchises. Historical data shows 2 SBA 7(a) loans have been approved for Up Closets franchisees, with an average loan amount of $150,000. The historical default rate is 0.0%.

Is Up Closets a good franchise to buy?

Up Closets 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.

Up Closets

Up Closets offers franchises for businesses that design, sell, and install custom closet systems and organizational units for homes, home offices, garages, and other residential and commercial spaces, along with related services and products under the 'Up Closets' trademarks. Franchisees operate within protected territories scaled by population (single, double, or triple) and follow the franchisor's proprietary system standards, marks, and operations manual. The target market includes residential and commercial customers seeking home organization solutions, competing with local providers, contractors, and big-box retailers.

Locations

$71K–$128K

Investment

Since 2022

Franchising

ServicesFranklin, TNHome Run Holdings LLCwww.UpClosets.comDisclaimer

Franchise Costs

Franchise Fee

$39,000

Item 5 of FDD

Initial Investment Range

$71,350 – $128,050

Low: $71,350High: $128,050

Item 7 of FDD

Royalty Rate

N/A

Brand Fund

N/A

Item 6 of FDD

Fixed Monthly Fees

$949 – $949

Item 6 of FDD

Fixed monthly royalty $2,000 (single territory Year 2+) + no brand fund + $600/mo technology + $349/mo bookkeeping

Financial Performance

Item 19 Financial Performance

Average Gross Revenue

Median Gross Revenue

Data Based On: 13 franchised locations with (i) at least 6 months of operation on June 1, 2024, (ii) full advertising programs in operation and (iii) staffing at minimum levels, for the six-month period of June 2024 - November 2024.

Extracted Item 19 Section

How Up Closets Compares

Key Insights

Lower investment than 88% of Home Services franchises

Franchise	Investment	Fee	Royalty	Locations
Up Closets Current	$71K – $128K	$39K	N/A	44
MERRY MAIDS	$127K – $166K	$55K	7.0%	933
HOLIDAY LIGHTING HEROES	$150K – $177K	$127K	10.0%	653
SIGN GYPSIES	$4K – $5K	$1K	N/A	587
MOSQUITO AUTHORITY	$54K – $128K	$45K	10.0%	546
Culligan	$130K – $814K	$40K	2.0%	460
Home Services Average 130 franchises	$144K – $289K	$53K	7.0%	–

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 130 Home Services 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

Top States

1FL

2MI

3SC

4CO

5AL

6NV

7TX

8VA

9IN

10NC

11OK

12MN

13GA

14LA

15ID

+2 more states

SBA Loan History

Historical SBA 7(a) loan data for Up Closets franchisees (2025 – 2025)

Total Loans

Average Loan

$150,000

Total Volume

$0.3M

Default Rate

0.0%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts

30 franchisee contacts on file from official FDD filings.

Name	Address	Phone	Email	SBA Loan
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active
John Smith ABC Franchise LLC	123 Main St Anytown, CA 90210	(555) 123-4567	john@example.com	$350,000 2023 · Active

30 Contacts Available

Unlock all Up Closets franchisee contacts with verified contact information

Due Diligence

Litigation (Item 3)

Franchisee Cases2

Two arbitration claims by former franchisees alleging fraudulent inducement to enter franchise agreements, breach of contract by constructive termination, and Tennessee Consumer Protection Act violations.