Franchimp Summary Rating
Higher than 67% of peers
Franchise Summary
Description
We offer franchisees the right to operate a retail showroom with a manufacturing facility, referred to as a Manufacturing and Showroom franchise, that offer, manufacture and installcustomized closet, office, garage, and other storage systems for residential customers under the California Closets trademark, trade name and System
Company Background
The California Closet Company is a franchised company that provides installation and design services for residential customers. The company specializes in custom closets, office organization, garage storage solutions and more. There are currently over 400 franchisees operating throughout the United States with plans to expand internationally.
Franchise Opportunity
You need to organize your home but don't know where to start. It's not easy to keep your home organized, especially when you have a lot of stuff. Clutter can make you feel stressed and overwhelmed. California Closet Company can help. We offer franchisees the right to operate a retail showroom with a manufacturing facility, referred to as a Manufacturing and Showroom franchise, that offer, manufacture and installcustomized closet, office, garage, and other storage systems for residential customers under the California Closets(R) trademark, trade name and System
Corporate Structure
California Closet Company, Inc. a California corporation formed on February 27, 1981. Their principal business address is 1716 Fourth Street, Berkeley, CA 94710. Their parent company is California Closet Holdings, Inc., a Delaware corporation. California Closet Holdings, Inc. is 100% held by FS Brands, Inc., f/k/a “TFC Brands, Inc.”
Investment and Franchisee Fees
The total initial investment necessary to begin operation of a California Closets showroom ranges from $158,500 to $433,000. This includes fees of $46,000 that you must pay to the franchisor. The total initial investment necessary to begin operation of a California Closets showroom with a manufacturing facility ranges from $288,500 to $927,000. This includes the $76,000 that you must pay to the franchisor.
Royalties and Marketing Fees
Royalties : 6% of Revenues for the first three years of operation. Beginning on the 37th month of operation and for the remainder of the term of your Franchise Agreement, including any renewal term, the monthly Royalty is the greater of 6% of Revenue or $4,000.
Royalties : 3% of Revenues
Royalties : Minimum of 7% of Revenues
Employee Contact Database
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Distribution of California Closets Franchisees
California Closets Franchise System Development in 2018
FAQ
How much investment do I need to start my own California Closets business?
Franchisees typically require at least $872,000 to $1,776,400 investment to get their California Closets business started
What are the initial franchise fees for California Closets?
Franchisees typically need to pay at least $77,500 in fees directly to California Closets in order to earn the right to launch their business
How much money can I make with a California Closets franchise? What are
the average revenues for a typical California Closets business?
We haven’t done the math on how much revenue a typical
California Closets brings in each year. We estimate that other
franchisees in the Professional Services industry generate
$1,131,885 revenue, so we would expect
California Closets to generate a similar amount
How long do I need to commit to running a California Closets unit? What
is my contractual commitment?
California Closets franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$955,599 to $978,799
which is
Much Higher
than the $0 to $0 average in the Home Goods & Furnishings Retail industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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