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Entrepreneur: Start & Grow Your Business

Closet Tailors

Custom storage solutions

Background

Founded: 2006 Franchising since: 2006
1927 N. Glassell St.
Orange, California 92865
Phone:
(800)420-5374/ (714)637-2100


Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 62 2 0 0
2008 115 0 0 0
2007 112 0 0 0
2006 N/A N/A N/A 0
2005 N/A N/A N/A 0

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

Exclusive territories available.
Territory size: By ZIPcode

Costs and Fees

Total investment: $95.6K-197.99K
Franchise fee: $24.95K
Ongoing royalty fee: Varies
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee Yes No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Cash liquidity requirement: $54.7K-86.1K

Operations
  • Franchise can be run from home
  • 25% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 2
  • Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 2 weeks

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Internet

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

Rankings

Franchise 500® rank:
#356 (2009);

Ranked #1 in category in:
2009;

Fastest-Growing Franchises:
#36 (2008);

Top New Ranking:
#24 (2009);