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Entrepreneur: Start & Grow Your Business

Closet & Storage Concepts

Residential/commercial closet & storage systems

Background

Founded: 1987 Franchising since: 2000
Founded by Bob Lewis in 1987, Closet & Storage Concepts designs, manufactures and installs custom closet and storage products in homes and businesses.
1000 Laurel Oak Corp. Ctr., #208
Voorhees, New jersey 08043
Phone:
(856)627-5700


Franchisor is a privately-held company with 22 employee(s); 7 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 10 1 0 3
2008 15 1 0 2
2007 23 1 0 1
2006 25 0 0 1
2005 23 0 0 1

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada, Mexico

Exclusive territories available.
Territory size: Varies by market

Special Programs
Closet & Storage Concepts supports Ronald McDonald House, The St. Agnes Burn Foundation and other local charities.

Costs and Fees

Total investment: $44.9K-234.5K
Franchise fee: $35K/85K
Ongoing royalty fee: 5-7%
Term of agreement: 10 years, renewable
Express/kiosk option available

Type of Financing Available
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

Qualifications
Net worth requirement: $100K
Cash liquidity requirement: $50K
Business Experience:
  • General business experience
  • Marketing skills
  • Strong sales background a plus

Operations
  • Franchise can be run from home
  • Number of employees needed to run franchised unit: 10 - 12
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 2 weeks
  • At franchisee's location: 2 weeks

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media
  • Regional advertising

Other marketing support
  • In-house graphics department

Rankings

Franchise 500® rank:
#388 (2007);