The Tailored Closet is a mobile business that designs, sells, and installs custom organizing units for homes and offices. The franchise provides storage solutions for closets, pantries, home offices, and more, helping customers declutter and organize.
Key Insights
- The Tailored Closet has a foundational history built on a commitment to providing organized living spaces. The business operates through a direct-to-consumer model, offering personalized design consultations and custom installation services for home organization solutions, including closets, garages, and home offices, enhancing functionality and aesthetics for homeowners.
- The franchise provides a comprehensive system for delivering high-quality, custom-designed storage and organization solutions to residential clients. This involves in-home consultations, detailed design, manufacturing of made-to-order components, and professional installation, ensuring a seamless customer experience from concept to completion.
- The organization and storage solutions industry is driven by a growing consumer desire for efficient and aesthetically pleasing living environments. As homeowners increasingly focus on maximizing space and decluttering, the demand for professional, tailored organization services continues to expand, presenting a robust market opportunity.
Franchise Fee and Costs to Open
Exploring the financial picture of The Tailored Closet gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $177,130 - $270,650, along with a franchise fee of $19,950 - $19,950.
Financial Performance and Revenue
Yearly gross sales of $328,540 and estimated earnings of $45,996 - $59,138 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 4.8-6.8 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
The Tailored Closet provides comprehensive training for new franchisees. Initial training, a robust program, is typically a two-week duration held at The Tailored Closet's headquarters. This training covers essential operational aspects. The franchisor offers ongoing support, including marketing guidance and operational resources. They also provide access to a library of best practices and resources for business development.
Legal Considerations
Legal considerations for a The Tailored Closet franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Potential franchisees should consider how local market saturation affects customer acquisition and pricing strategies. The operational complexity of managing design consultations, installation schedules, and inventory requires robust organizational skills. Furthermore, consistent reliance on specific supply chains for materials and components introduces a factor requiring proactive inventory management and potential supplier diversification.
Franchise Datasheet
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