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Promoted Opportunities

Closet Factory
#227

Initial Investment

LOW: $203,500
HIGH: $353,000

Change in Units

+2.8% +2 UNITS (1 Year)
+2.8% +2 UNITS (3 Years)

Company Profile

Founded

1983

Franchising Since

1985 (32 Years)

Corporate Address

12800 S. Broadway Los Angeles, CA 90061

CEO

John La Barbera

Parent Company

The Closet Factory

About Closet Factory

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.

Financials

Financial Requirements

Initial Investment

$203,500 - $353,000

Net-worth Requirement

$500,000

Liquid Cash Requirement

$150,000

Ongoing Fees

Initial Franchise Fee

$46,500

Ongoing Royalty Fee

6.75%

Financing Options

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

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: See List

Operations & Franchisor Support

Training Onsite: 10 days

Training at headquarters: 20 days

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Absentee Ownership Allowed

Number of employees required to run: 6

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: September 28th, 2016

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