#365

Initial Investment

LOW: $126,000
HIGH: $296,500

Change in Units

+4.5% +2 UNITS (1 Year)
+4.5% +2 UNITS (3 Years)

Company Profile

Founded

1982

Franchising Since

1998 (18 Years)

Corporate Address

11145 Knott Ave., #A Cypress, CA 90630

CEO

Jerry Egner

About Closets By Design Franchising

Since 1982, Closets By Design has been installing custom closets, garage organizers, entertainment centers and home office systems. Franchisees manufacture all products and handle installation.

All Closets By Design franchisees are owner/operators.

Financials

Financial Requirements

Initial Investment

$126,000 - $296,500

Net-worth Requirement

$500,000

Liquid Cash Requirement

$300,000

Ongoing Fees

Initial Franchise Fee

$20,000

Ongoing Royalty Fee

6.75%

Ad Royalty Fee

2.25%

Financing Options

Closets By Design Franchising offers in-house financing to cover the following: franchise fee

Franchise 500® Rank History

  • 2007 - 481
  • 2009 - 420
  • 2010 - 321
  • 2014 - 343
  • 2015 - 318
  • 2016 - 365

* Not all years were ranked

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: 10 days

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Field Operations

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

Number of employees required to run: 5

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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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Previous Years Rankings

2016 2015 2014 2013 2012