Closet & Storage Concepts

Residential and commercial closets and storage systems
Year began: 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, NJ 08043

Phone: (856)627-5700
Fax: (856)627-7447

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


Franchise Growth
Year

2007
2006
2005
2004
U.S. Franchises
23
25
23
20
Canadian Franchises
1
0
0
0

Foreign Franchises
0
0
0
0
Company
Owned
1
1
1
1

Where Seeking Franchisees
Nationwide

Outside the U.S.:

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 & Fees
Total investment: $44.9K-234K
Franchise fee: $35K-85K
Ongoing royalty fee: 5-7%
Term of agreement: 10 years, renewable
Renewal fee: Lesser of initial, current fee
Type of Financing Available
In-HouseThird Party
Franchise FeeNoYes
Startup CostsNoYes
EquipmentNoYes
InventoryNoYes
Accounts ReceivableNoYes
PayrollNoYes
Third-party financing source(s): equipment leasing company, the SBA & commercial banks
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
  • 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)

Training & 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 in Entrepreneur magazine 2004-2008
Franchise 500® rank:
#388 (2007);

Last Updated: 4/22/2008 12:00:00 AM



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