FREE Franchise Guide!
Franchise 500 2023
2024 Franchise 500 Rank
#360 Ranked #339 last year
See the Full List
Initial investment
$155K - $269K
Units as of 2023
170 Decrease 8% over 3 years

The Tailored Closet, (previously known as Tailored Living,) opened its doors in 2006 and began franchising the same year. The company offers home and business owners high-quality storage and organization solutions. The company designs spaces in closets, home offices, family rooms, pantries, basements, laundry rooms, and more. The team offers measuring, design, and installation services tailored to meet each client's specific needs.

The Tailored Closet has a wide breadth of offerings that has resulted in tremendous growth over the years, with more than 175 franchise units opened across the United States and Canada. The company has also received several awards, including the Best of Houzz badge for design. Out of the many expert companies on Houzz, only 3% reach this status. 

Potential franchisees have an aptitude for sales and a passion for providing clients with top-notch organizational services. 

Why You May Want to Start a The Tailored Closet Franchise

The Tailored Closet is a well-known business with proud franchisees. Franchisees help people in their community live a more organized life through innovative storage methods and other organizational solutions. As a franchisee, you'll be your own boss, with the opportunity to build a business. You can create your business to your preferred size either as a partnership, sole proprietorship, or family business with one or multiple territories. You are also given the opportunity to participate in absentee ownership.

Franchisees experience paid training at The Tailored Closet headquarters in Irvine, California and lifetime support in every area of their business. The Tailored Closet also arranges one year of business coaching by outside vendors, annual conventions, webinars, and helplines to offer support to new franchisees. 

What Might Make a The Tailored Closet Franchise a Good Choice?

The Tailored Closet has ranked in Entrepreneur's Franchise 500 multiple times in the past few years. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.

Franchisees should prepare for financial investment. Franchisees will need to pay a franchise fee and brand royalties. Franchisees will also need to hit the minimum set net worth and cash requirement for franchising with The Tailored Closet. 

As you make your decision concerning whether to open a franchise with The Tailored Closet, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

How Do You Open a The Tailored Closet Franchise?

The franchising process will take time to complete. Be prepared for interviews with upper management, at which point you will review the Franchise Disclosure Document. After a successful interview, you may be invited to a discovery day to explore the opportunity further. You will also have time to speak with other franchisees to get their side of the franchise experience with The Tailored Closet. 

Before you can open your The Tailored Closet franchise, you must attend a training at the home office in Irvine, California to learn how to operate your business. The Tailored Closet staff will be involved as you train and prepare to open your franchise. 

Find Your Perfect Franchise

Company Overview

About The Tailored Closet

Industry Home Improvement
Related Categories Organization/Storage Systems, Miscellaneous Home-Improvement Businesses
Founded 2006
Parent Company Home Franchise Concepts
Leadership Andy Skehan, CEO
Corporate Address 19000 MacArthur Blvd., #100
Irvine, CA 92612
Social Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest

Business Overview

Franchising Since 2006 (18 years)
# of employees at HQ 300
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises in the following international regions: Canada

# of Units 170 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a The Tailored Closet 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 Information Circle
Initial Investment Information Circle
$155,220 - $268,675
Net Worth Requirement Information Circle
Cash Requirement Information Circle
$111,220 - $224,675
Veteran Incentives Information Circle
15% off initial franchise and territory fees
Royalty Fee Information Circle
Ad Royalty Fee Information Circle
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
Take Our Free Franchise Quiz!

Financing Options

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

In-House Financing The Tailored Closet offers in-house financing to cover the following: franchise fee
Third Party Financing The Tailored Closet 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.

Classroom Training 106.25 hours
Ongoing Support
Purchasing Co-ops
Meetings & Conventions
Toll-Free Line
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
National Media
Regional Advertising
Social Media
Website Development
Email Marketing


Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
Can this franchise be run part time? Information Circle
# of employees required to run 2
Are exclusive territories available? Information Circle
Take our quick quiz to find your ideal franchise

Franchise 500 Ranking History

Compare where The Tailored Closet landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

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

Sign Up for Our Franchise Newsletter

Stay up to date on the latest news and trends affecting the franchise industry.

Related Franchises

Are you eager to see what else is out there? Browse franchises that are similar to The Tailored Closet.


Rubber safety surfacing

Jersey Mike's Subs

Subs and Philly cheesesteaks


Property damage restoration and remediation

Related Franchise Content

Catch up on the latest franchise news, trends, and more.


The Franchise Industry is on The Verge of Massive Change With Private Equity's Potential $8 Billion Acquisition of Jersey Mike's

Two iconic brands, Subway and Jersey Mike's, may sell to private equity after years of being closely held. Heavyweight PE firms are an increasing force within the franchising sector, marking a strategic shift and altering the industry landscape.


3 Ways to Get on The Road to Franchising — And How to Find the Right Business For You

Although franchising contributes significantly to the US economy, most US business schools lack dedicated franchising curriculums. These three sources will help you get started and find out which franchise is right for you.


Looking for a Spotless Investment Opportunity? Discover the Best Cleaning Franchises to Own in 2024.

From sparkling floors to polished windows, clean your way to success with the best cleaning franchises, according to the 2024 Franchise 500 Ranking.


One Factor Is Helping This Entrepreneur Tackle Business Ownership Later in Life. Now, She's Jumping Into a $20 Billion Industry.

Stacey Howell has reinvented herself multiple times. In her latest move, she leverages her extensive corporate career, history of public service and experience running a nonprofit as a Woodhouse Spa franchisee.


This Franchise Leader Just Became the Newest Investor on Dragons' Den, the Canadian Shark Tank

Brian Scudamore, founder and CEO of 1-800-GOT-JUNK?, is joining the cast of Dragons' Den in Canada.


'Ponzi Scheme-Level Stuff': This CEO Is on a Mission to Grow His Business Ethically While Fighting an Industry Crisis

Rolling Suds CEO Aaron Harper is growing the company's brand, but that's not the only thing the industry veteran is building.

See more franchise content
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022