Closet Factory
Not Ranked

Initial Investment

LOW: $182,500
HIGH: $310,000

Change in Units

0.0% 0 UNITS (1 Year)
0.0% 0 UNITS (3 Years)

Fund Your Franchise with Guidant

Guidant Financal Learn how to invest your IRA or 401k into a franchise. ($50k min)

Promoted Opportunities

Company Profile

Founded

1983

Franchising Since

1985 (31 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

$182,500 - $310,000

Net-worth Requirement

$500,000

Liquid Cash Requirement

$100,000

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

Franchise 500® Rank History

  • 2006 - 480
  • 2007 - 453
  • 2011 - 489
  • 2013 - 494
  • 2015 - 490

* 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: 1 month

Training at headquarters: 2 weeks

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

Related Franchises

Related Articles

Don't Choose a Franchise Until You've Talked to People Who Already Own It

Don't Choose a Franchise Until You've Talked to People Who Already Own It

Some lessons you shouldn't learn the hard way, like how a company treats the owners of its franchises.
Tom Scarda, CFE
This Latest Food Mashup May Have Gone Too Far

This Latest Food Mashup May Have Gone Too Far

The world's a strange place. A place where self-driving cars came before a hotdog-hamburger food combo and Cheetos Chicken Fries.
Entrepreneur Staff
Be Your Own Boss: Insights From 3 Successful Franchisees

Be Your Own Boss: Insights From 3 Successful Franchisees

Want to shake things up and set out on your own? Here, business owners share their personal insights, explaining why – and how – they took the plunge themselves.
Entrepreneur Partner Studio Staff
20 Signs You Might Need a New Franchise Coach

20 Signs You Might Need a New Franchise Coach

Conduct your due diligence on selecting a franchise coach helping you and beware of any of these warning signs.
Rick Bisio
Ways To Choose The Right Franchise To Expand Your Business

Ways To Choose The Right Franchise To Expand Your Business

Franchises are appealing to business leaders who intend to rapidly take their businesses to the next level.
Alka Gupta

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: October 1st, 2015

Reprints & Licensing
Update Your Listing
Submit New Listing

Regions/States List

More Franchise Rankings

Top Low-Cost Franchises

100 franchises for under $60,000

Top Homebased/Mobile Franchises

These 100 businesses can be managed from home

Fastest-Growing Franchises

These companies have shown rapid unit expansion over the last two years

Top New Franchises

The top 75 companies that began franchising in the last five years

Top Global Franchises

200 North American franchisors seeking international franchisees

For reprints and licensing questions, click here.

Previous Years Rankings

2016 2015 2014 2013 2012