Closet Factory is a best buy in home organization segment. Simply put, custom closets are a huge business opportunity. Custom Organization Systems for every room in your home.
Home Services
About Closet Factory
WHAT IS SPECIAL ABOUT OUR CULTURE? Closet Factory fosters a culture of collaboration and support When you are investigating franchise opportunities, a good rule of thumb to follow is: Find out from the franchisees not only if they are successful, but also if they are happy. Business owners have to wake up every day with the drive to succeed, and without a sense of joy, there cannot be a sense of purpose. Closet Factory is unique in this regard. Our franchise network is made up of a diverse group of entrepreneurs with different backgrounds, interests and skill sets. All of our franchisees not only get along with each other, they actively help and support each other in business and in life. “One of the great things about the Closet Factory is the franchisees themselves,” says Dan Grandon, Co-President of Closet Factory. “The culture that we have here is very family oriented. Many of us attend the significant events of each others’ children, who we have watched grow up. Many of our locations are involved in generational transfer, where the kids are taking on more responsibility and the business will ultimately be handed down to them. The average Closet Factory franchisee has been with us for 17 years, and we don’t have a lot of turnover in our network. “Our network is small enough where we really know each other,” Dan continues. “We travel together, and we vacation together. While the franchisor provides a lot of help and training to the franchise network, the franchisees help each other to ensure that everyone is successful. We really truly have something special, and that is evident from the first time you speak to a Closet Factory franchise owner.”
2021 –Item 19
First Quartile – Average Gross Revenue $ 12,940,213.00
Average Gross Sales Overall Franchisees $5,685,942.00
Average Transaction $7,088.00
1985 (40 years)
6
$6,097,058
Franchise Fees
$58,500
6.75%
Gross Receipts
15.0%
Gross Receipts
Why Closet Factory?
Owning a custom closet franchise is a huge business opportunity! The average person spends 15 minutes in front of their closets every day, and for millions of homeowners, this is a very unpleasant experience. According to Woodworking Network, one in four people feel that their closets are unorganized, and 44% of those people can’t find an item they are looking for at least once a month. It’s a small wonder that the home-organization industry has grown to over $11 billion annually. Owning a custom closet franchise takes advantage of these trends. Closet Factory excels in helping small spaces live large. Since 1983 Closet Factory has been the industry-leading brand in the custom-closet and home organization segment. Not only were we the first brand to introduce floor-based solutions, Closet Factory uses state-of-the-art technology to meet every client’s individual needs and manufactures everything locally using materials of the highest quality to make installation faster and more convenient. In recent years Closet Factory has introduced new ways of helping our clients stay organized by introducing solutions for man caves, home offices, entertainment centers, garages and more. We deliver further value to our clients with our lifetime guarantee which creates accountability and trust while also increasing the likelihood for referrals and repeat business. Our reputation for customer value is evident in our exclusive relationship with Costco, the second largest big-box retail chain in the United States. Costco vets their vendors rigorously in order to deliver trusted brands to their customers, and the fact that our franchise owners have kiosks in many Costco locations in their territories is a tremendous validator for Closet Factory helping to win new business on an ongoing basis.
KEY REASONS TO INVEST
- Well established brand with superb marketing support
- Multiple revenue streams, enormous ROI potential
- Turnkey business model, industry-best training and support
- Most expansive product line in the industry, a distinct advantage in a competitive market
- Largest exclusive territory size in the segment
- Exclusive relationship with Costco helps franchisees win more business
- Vertical integration strengthens fanchisee supply chain, minimizing sales disruptions
- Exceptional culture with fully transparent communication throughout the company, built on a spirit of collaboration among our franchisees
Ideal Candidate
BE YOUR OWN BOSS IN A CLOSET FACTORY FRANCHISE Closet Factory franchise is a great fit for transitioning corporate executives There’s a seminal moment when you realize corporate life isn’t all it’s cracked up to be. That dream job scripted in the movies or the career path your professors steered you to was, well… empty of meaning and maybe… robotic. We’ve all had a moment that made us wonder, “There’s got to be more than this – surely I don’t just exist to eat, sleep, and pay bills.” If leaving corporate America is on your “to-do” list and you aspire to control your financial future, now is the time to go into business for yourself. Would you enjoy being your own boss? What if you could make your own schedule or hand-select and manage your own team? Closet Factory is an executive business model where owners manage large teams, guide production, and make sales. Our franchise owners leveraged their significant experience to take control of their future, achieve work/life balance and reap the benefits of being a business owner. To make the transition into business easier, our leadership team offers comprehensive training, advanced systems, and ongoing coaching. “We’ve created so much wealth for so many and have played a part in helping them live extraordinary lives,” says John La Barbera, CEO and founder of Closet Factory. “They, in turn, provide an opportunity for hundreds, if not thousands of people who work for them. It makes me very happy to know that our franchise owners are happy to be a part of Closet Factory.”
$275,000 - $475,000
$200,000
$1,000,000
Testimonials
“I lead a blessed life. When we opened our business in 1992, we made a sale the very first day and we have been able to grow ever since. Since we started, we have helped over 70,000 people, and last year alone, we did 160 installations every month. It is a great business; it is not a fad. There is a need for storage solutions that really help people, and we are so versatile in what we can do. There are so many opportunities to grow your business. The sky is the limit.” -Mark Lestikow, Owner of a Closet Factory
“First and foremost, the market is growing. The home-organization industry is growing every year and that won’t slow down anytime soon. With Closet Factory, the infrastructure is there, the support is stellar, the operating platform is state-of-the-art, and it helps you run your business and grow revenue. Most importantly, the franchise owners are there to support you. This is what makes Closet Factory really special. What the leadership has done by putting together a group of franchisees who succeed on their own and with each other, who work well together, really helps you in this business – especially when you are new. We are an added layer of support.” -Steve Newman, Owner of a Closet Factory in Florida
