Closet Factory Franchise has been in business for over 30 years and is the largest provider of custom storage solutions in North America. Closet Factory provides a wide range of services, including custom closets, storage systems, home offices, garages, and more. It has attracted a loyal following among consumers who appreciate the high-quality, customized storage solutions that Closet Factory provides. 

As of 2021, 73 Closet Factory franchises were in operation across the United States. Even though there was a decrease of 1.4% in the last three years, it has attracted much interest in 2022. So, it’s understandable that you might wonder how much it’d cost to own one. Luckily you can find closet franchise costs here.

How Much Does a Closet Factory Franchise Cost?

The cost of a Closet Factory franchise depends on several factors, including the franchise’s location, the store’s size, and the type of services offered. The initial franchise fee is $58,500, and the initial investment ranges from $273,500 to $466,000. 

In addition to the initial franchise fee, Closet Factory also charges a 6.75% royalty fee on all sales generated by the franchisee. The royalty fee is paid monthly, with a minimum royalty fee of $1,000 per month. The franchise agreement is for a term of five years and is renewable. 

Closet Factory also has a few other requirements that prospective franchisees must meet. These include a net worth of at least $1,000,000 and liquid assets of at least $250,000. 

While the initial investment required to start a Closet Factory franchise may seem high, it is crucial to remember that this is a well-established franchise with a proven track record of success. In addition, the initial investment includes the cost of leasehold improvements, inventory, training, and other startup costs. 

What Are the Benefits of Owning a Closet Factory Franchise?

Closet Factory is the world’s leading manufacturer and installer of custom storage solutions. They have been in business for over 30 years and have built a reputation for quality, service, and value. As a Closet Factory franchise owner, you’ll be able to offer your customers a wide range of products and services, including:

  • Custom storage solutions for any room in the home, including closets, pantries, garages, and more.
  • There is a wide range of styles and finishes to choose from, so you can create a look unique to each customer’s taste.
  • A team of experienced designers will work with each customer to create a storage solution that meets their specific needs.
  • A commitment to quality and service that is unmatched in the industry.
  • A proven business model has generated millions of dollars in revenue for franchisees.

As a Closet Factory franchise, you’ll be able to offer your customers a product of the highest quality and backed by a company with a proven track record of success. You’ll also be able to take advantage of a proven business model that has generated millions in revenue for franchisees. If you’re looking for a business opportunity that offers the potential for high income and long-term success, then a Closet Factory franchise may be the perfect fit for you.

How to Get Started with Closet Factory Franchise

Do you feel like a Closet Factory franchise is the right opportunity for you? Starting off the right way is critical to your success as a franchisee. Here are a few tips to get you started on the right foot: 

  • Start by thoroughly researching the Closet Factory franchise. Get to know the company’s target market and learn as much as possible about their needs and wants. 
  • Ensure you understand the requirements for opening a Closet Factory franchise, including the necessary training, finances, and employees. The company will require you to attend 39-44 hours of on-the-job training and 47-51 hours of classroom training. 
  • Be prepared to invest time and money into marketing your new business. A successful franchisee understands the importance of marketing and promoting their brand. 
  • Create a business plan that outlines your goals and strategies for success. You want to ensure you have a clear plan before you open your doors for business.
  • Find the perfect location for your franchise and ensure you have the required permits and licenses. 
  • Build a strong team of qualified employees who share your vision for the business. Remember that the Closet Factory corporate staff is there to help you every step of the way. 
  • Promote your Closet Factory franchise effectively to attract customers and grow your business. 

A Closet Factory franchise provides the opportunity to offer customers high-quality custom storage solutions backed by a well-established company. It will cost you  $273,500 to $466,000 initial investment to get started, including leasehold improvements, inventory, training, and other startup costs. But if you’re prepared to invest time and money into marketing your franchise and building a solid team, then a Closet Factory franchise could be the perfect fit for you.