Up Closets
Home Services · Flooring & Interior Services
- Active units
- 44
- Royalty
- $1k / yr
Franchised, year-end 2024
Annual flat fee
About Up Closets
Hang It Up Closets is the go-to brand for custom closet organizers in Connecticut. We offer a range of organization systems for any size closet or budget, helping you transform your space and simplify your life. From walk-in closets to reach-in closets, kids' closets, and hallway closets, we can customize designs to store absolutely anything in every room of your home. But our expertise doesn't stop at closets. We can also help you create an efficient home office, tackle the laundry room, or even revamp your garage with our garage cabinets, floors, and workbenches. And if you need a space-saving solution for unexpected guests, our comfortable Murphy beds are the perfect choice. At Hang It Up Closets, we understand that a disorganized space leads to frustration and wasted time. That's why we are dedicated to helping you transform your home into a well-organized haven. Contact us today for a free closet design and let us show you the difference our custom solutions can make.
Key terms
- Franchise fee
$39k
- Brand fund
0.0% of Net Sales
- Local advertising
18.0% of Net Sales
- Veteran discount
5000.0% off franchise fee — $5,000 discount for honorably discharged U.S. Military or first responders on first Unit
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2026 filing).
Growth
- Total locations76
Franchised units open at year-end
- New openings41
Gross new units opened during the calendar year
- 1-year unit growth rate85.4%
Net unit growth versus prior year
- 3-year unit CAGR141.8%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio10.3×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- 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$123k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open60 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate6.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
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 15 of 15 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.