Closet & Storage Concepts
Home Services · Flooring & Interior Services
- Active units
- 7
- Avg unit volume
- $2.5M
- Royalty
- 5.0%
Franchised, year-end 2024
of weekly Net Sales
About Closet & Storage Concepts
Need organization help? Closet & Storage Concepts is the ultimate solution for all your home closet storage and organization needs. With a team of experts, they offer custom closets that are designed to save you time and create more space. These custom closets are built to accommodate your entire wardrobe, allowing you to keep all your existing clothes and accessories while making room for more. Looking to add space to your home without the expense of a remodel or addition? Closet & Storage Concepts also offers a wide selection of Murphy beds, folding beds, and wall beds. These innovative products give you back the space you need, providing you with a comfortable and functional solution. In addition to closets and wall beds, Closet & Storage Concepts specializes in customized garage storage organization systems, home office furniture, and wall units for Home Theater rooms. They understand the importance of a well-organized pantry and offer pantry storage solutions as well. Get started today by scheduling a free in-home consultation with Closet & Storage Concepts to transform your home and make room for a more organized life. Call 1-888-THE-CLOSET now.
Key terms
- Franchise fee
$50k
- Additional unit fee
Initial Franchise Fee for each Closet & Storage Concepts business beyond the first is $40,000
- Brand fund
75.0% of Net Sales
- Local advertising
7.0% of Net Sales
- Footprint
3,000 sq ft
- Veteran discount
25.0% off franchise fee — 25% reduction in the Initial Franchise Fee for the first Franchised Business; veteran must own 51%+; program may change
Brand Percentile Rankings
Growth
- Total locations7
Franchised units open at year-end
- New openings0
Gross new units opened during the calendar year
- 1-year unit growth rate-12.5%
Net unit growth versus prior year
- 3-year unit CAGR-6.5%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio0.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)$2.5M
Average 2024 Gross Revenue for five representative franchised locations.
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$371k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open4 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate5.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio6.7×
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Location footprint
Showing 8 of 8 mapped locations
Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.