Closet & Storage Concepts Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$44,500
Investment required
$110,000 - $625,000
Royalty fee
5.00%

Closet & Storage Concepts: Mastering Custom Storage Solutions for Every Home

Closet & Storage Concepts is a leading provider of custom closet and storage solutions, offering a wide range of products designed to optimize space in homes. The company was founded in 1987 and is headquartered in West Berlin, New Jersey, just outside of Philadelphia.

The company specializes in designing, manufacturing, and installing custom storage solutions tailored to the unique needs of each customer. Their product offerings include custom closets, garage storage systems, wall beds, pantry organizers, and home office setups. 

One of the key differentiators for Closet & Storage Concepts is their commitment to personalized service, starting with a free in-home design consultation to assess the client's needs and ending with a fully customized installation.

Closet & Storage Concepts began franchising in 2000 and has since grown its franchise network, contributing to its extensive reach and success. Today, the company continues to thrive by focusing on innovative storage solutions and exceptional customer service, making it a preferred choice for homeowners looking to enhance their living spaces.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Franchise Fee $36,000 to $44,500
Travel and Living Expense While Training $3,000 to $5,000
Real Estate Improvements $15,000 to $35,000
Office Equipment and Supplies $1,000 to $1,500
Computer Hardware and Software $2,000 to $2,400
CAD Design Software Keys $2,700 to $15,300
Pallet Lifter and Fork Lift $1,000 to $10,000
Van $1,600 to $3,700
Signs and Graphics $2,000 to $9,000
Opening Showroom Displays $5,000 to $32,000
Store Displays Accessories $1,200 to $2,500
Grand Opening Advertising $10,000 to $20,000
Architect’s Fee and Engineering $0 to $3,000
Miscellaneous Opening Costs $4,000 to $6,000
Insurance $1,800 to $5,000
Shop Equipment $1,000 to $350,000
Opening Inventory $1,000 to $25,000
Legal and Accounting $2,000 to $5,000
Additional Funds (up to 3 months) $20,000 to $50,000
Total Estimated Initial Investment $110,300 to $624,900

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Number of units

2023
Franchised units

10

9

8

Company-owned units

3

3

4

Total units

13

12

12

Franchise Disclosure Document

Training 

Closet & Storage Concepts provides thorough training to its franchisees to ensure they are fully equipped to run their businesses effectively. The training program is designed to cover all aspects of the business, preparing franchisees for success in the home improvement industry.

Initial Training Program: Franchisees begin with a comprehensive initial training program that includes detailed instruction on sales procedures, design processes, and construction techniques. This initial phase also involves hands-on training, where franchisees learn how to set up their showroom and manage the day-to-day operations of their business.

Additionally, the program covers critical business administration aspects, helping franchisees understand financial management and operational efficiencies.

Ongoing Support and Education: Beyond the initial training, Closet & Storage Concepts offers continuous support and ongoing education to ensure franchisees remain up-to-date with industry best practices. This support includes regular workshops, training classes, and marketing guidance to help franchisees adapt to changing market conditions and continue growing their businesses.

Technical and Marketing Training: Franchisees receive specialized training in the technical aspects of the business, including in-field support for installations and product knowledge.

Additionally, the franchise offers marketing training, including strategies for local advertising and online presence management, ensuring that franchisees can effectively promote their services and reach their target market. This comprehensive approach helps franchisees build a strong foundation for their business and achieve long-term success.

Territory Protection

Closet & Storage Concepts franchise offers territory protection to its franchisees, ensuring that each franchisee has exclusive rights to operate within a defined geographic area. This protection helps franchisees build their business without the concern of competition from other franchisees within the same brand, allowing them to fully capitalize on their market potential. 

By securing a protected territory, franchisees can focus on growing their customer base and establishing strong community relationships, which are essential for long-term success​.

The territory protection is designed to provide franchisees with a competitive advantage, ensuring that they are the sole providers of Closet & Storage Concepts' custom storage solutions within their designated area. 

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