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2021 Franchise 500 Rank
#445 Ranked #388 last year
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Initial investment
$274K - $466K
Units as of 2021
73 1.4% over 3 years

Company Overview

John LaBarbera founded The Closet Factory in a small industrial space in Los Angeles in 1983. The company started out with six employees customizing closets, offices, garages and pantries, and now has more than 100 employees at its Los Angeles headquarters. There are also 11 other factories around the world.

The Closet Factory works with homeowners, contractors and interior decorators, installing closets, entertainment centers, pantries and shelves for offices and garages.

About Closet Factory

Industry
Home Improvement
Founded
1983
Parent Company
Closet Factory Franchise Corp.
Leadership
Dan Grandon, President

Franchising Overview

Franchising Since
1985 (36 years)
# of employees at HQ
110
# of Units
73 (as of 2021)

Franchisor Information

Corporate Address
12800 S. Broadway
Los Angeles, CA 90061

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Closet Factory franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$58,500
Initial Investment
$273,500 - $466,000
Net Worth Requirement
$1,000,000
Cash Requirement
$250,000
Royalty Fee
6.75%
Term of Agreement
5 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Closet Factory has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
39-44 hours
Classroom Training
47-51 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
8-10
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Closet Factory landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Closet Factory ranked on other franchise lists? Find out below.

Ranked #445

Franchise 500 Ranking

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021