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.
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
Fixed monthly royalty $2,000 (single territory Year 2+) + no brand fund + $600/mo technology + $349/mo bookkeeping
Franchise Stats
Financial Performance
Item 19 Financial Performance
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 to Other Home Services Franchises
Key Insights
- Lower investment than 88% of Home Services franchises
| Franchise | Investment Range | Franchise 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 129 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 129 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
+2 more states
SBA Loan History
Historical SBA 7(a) loan data for Up Closets franchisees (2025 - 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)
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.
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 Up Closets franchise?
The total initial investment to open a Up Closets franchise ranges from $71,350 to $128,050. This includes a franchise fee of $39,000.
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.
Interested in Up Closets?
Talk to a franchise advisor to get personalized guidance and learn if Up Closets is the right fit for you.
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