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Updated RecentlyCloset & Storage Concepts Franchise
Residential and commercial closets and storage systems
Founded by Bob Lewis in 1987, Closet & Storage Concepts designs, manufactures and installs custom closet and storage products in homes and businesses.
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How much does it cost to open a Closet & Storage Concepts Franchise?
The investment required to open a Closet & Storage Concepts Franchise is between $96,500-$499,000. There is an initial franchise fee of $44,500 which grants you the license to run a business under the Closet & Storage Concepts name.
Individual Unit Costs
- Initial Investment:
$96,500-$499,000 - Initial Franchise Fee:
$44,500 - Royalty Fee:
5% - Advertising Fee:
N/A - Term of Agreement:
10 years - Renewal Fee:
Lesser of initial, current fee
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Closet & Storage Concepts Strengthens Murphy Bed Business with Acquisition of More Space Place
Closet & Storage Concepts today announced that it has acquired
More Space Place, a manufacturer and retailer of Murphy beds, custom closets, garage organizers, and
other solutions for saving space in the home or office. Combined system-wide sales are projected to be
approximately $40 mill...
Closet & Storage Concepts News & Press Releases
When did Closet & Storage Concepts start Franchising? 2000
| Year | U.S.A. | Canada | International | Corporate |
|---|---|---|---|---|
| 2005 | 23 | 0 | 0 | 1 |
| 2004 | 20 | 0 | 0 | 1 |
| 2003 | 13 | 0 | 0 | 1 |
| 2002 | 10 | 0 | 0 | 1 |
| 2001 | 7 | 0 | 0 | 1 |
International: Canada, Mexico,
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | No | Yes |
| Startup Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Accounts Receivable | No | Yes |
| Payroll | No | Yes |
Third Party Financing Source(s): equipment leasing company, the SBA & commercial banks
Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing
Co-op advertising, Ad slicks, National media, Regional advertising
0% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 10 - 12
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)
Business Experience:
To calculate how much income a franchise owner can do at Closet & Storage Concepts Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
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Closet & Storage Concepts
Closet & Storage Concepts
436 Commerce Lane, Suite D
West Berlin,
NJ
08091