Up Closets

Data Based On: 20 franchised locations with at least 12 months of operation from November 1, 2024 to October 31, 2025, full advertising programs in operation and staffing at minimum levels. Each quartile contains five franchisees.

* Calculated average_gross_revenue as the weighted average of the average gross revenue of each of the four quartiles, each containing 5 franchisees: (5 * $1,226,911 + 5 * $759,168 + 5 * $492,091 + 5 * $450,664) / 20 = $732,208.5. Median gross revenue, revenue of top quartile, and revenue of bottom quartile were taken directly from the Annual Sales table. Calculated average_gross_profit by applying the system average Cost of Goods Sold (42%) to the average_gross_revenue: $732,208.5 * (1 - 0.42) = $424,680.93. Estimated best_guess_profit_low and best_guess_profit_high based on the range of Cost of Goods Sold percentages (High 48%, Low 38%) applied to the average_gross_revenue. Lower profit estimated with higher COGS: $732,208.5 * (1 - 0.48) = $380,748.42. Higher profit estimated with lower COGS: $732,208.5 * (1 - 0.38) = $453,969.27. These profit estimates represent gross profit, as no other operating expenses were provided.