Own an Up Closets Custom Closets Franchise
Are you passionate about home organization, home improvement and helping people make their personal spaces much better?
If you fall into this group and have been wanting start your own business, Up Closets is a new to market custom closet franchise that might a perfect fit. Up Closets is in the business of designing, selling and installing beautiful custom closet systems for clients.
We designed Up Closets to be something new and unique in the half century old custom closet industry: a lean to run and potentially profitable home service business that runs with few employees, low overhead, highly effective and disruptive marketing and software that leverages the newest artificial intelligence technology to design closets faster and more efficiently.
We offer state of the art closet systems that are generally priced more attractive than our competition. We do this by carefully sourcing manufacturers to supply our franchise owners at excellent rates and we don’t up-charge our owners for this. You pay our full wholesale rate with no markup! This means you can deliver higher margin jobs and still be priced better than most existing closet companies in your market.
Consider these stats:
- The average homeowner now has over 300,000 belongings!
- The size of a typical home in the US has tripled in the last fifty years
- 1 in 10 Americans rent a self-storage space
- 1 in 9 Americans is late to work because they were looking for misplaced items
- The top reason to purchase a new home is not enough storage space
- Messy or unorganized closets contribute directly to stress and mental health issues
- Custom, organized closets don’t have to cost a ton and they greatly add to the value of a home
Spending on home improvement and on custom closets in general has skyrocketed! The COVID pandemic forced people to rethink their home lives – with many now working from home for good – and as a result they decided they didn’t want to skimp on their closets, pantries, garages, mudrooms and laundry rooms.
Fast forward and high interest rates combined with historically high levels of home equity mean spending on custom closets has skyrocketed again – even during the recession.
Up Closets is a smart business to open for anyone who is passionate about design and entrepreneurship!
Do I Qualify to Become an Up Closets Franchise Owner?
We invite anyone with a hunger to become an entrepreneur to start a conversation with us. Unlike most franchise companies, we exist to help people build amazing businesses!
That said, this is an especially good business for home designers, home organizers, Realtors, mortgage brokers, home stagers, home flippers, contractors and anyone who has experience running a home service or service based business. While previous design experience is helpful, we can teach anyone with the desire to learn to design best-in-class closets and organized spaces!
You don’t need construction or carpentry experience – we teach the full workflow for install and almost all of our closets are installed in less than a single day.
You can hire contracted installers and you can even hire experienced closet designers if you goal is to be a business manager or this can be a very rewarding business for a family, couple or individual person to run. It is flexible and easy to scale! With no office or warehouse space needed and few, if any, employees, you can operate at very low cost, making the business potentially higher margin than other service businesses.
How Do I Get Customers?
This is perhaps the best reason to open an Up Closets franchise!
Our founder, Thomas Scott, has decades of franchise and franchise marketing experience. He’s helped grow over 380 franchise systems and helped over 12,000 people purchase franchises. He believes that there has been a significant shift in customer behavior when it comes to home service and he designed the entire Up Closets system to take advantage of this shift. In today’s market, people seek out experts for specific problems – such as a closet designer or pantry designer – and they expect an immediate, human response.
If you’ve ever tried to get a quote from a service company and it has taken days to get a response or if you’ve had the frustrating experience of getting caught in someone’s phone answering system and never getting to a real person, you know what I mean. We believe in giving customers immediate access to a real, knowledgeable person! We leverage messenger and Instant texting to connect with customers, answer questions and earn quotes.
In the custom closet industry, owners typically scheduled a consult in a customer’s home. This process takes 1-2 weeks. The designer shows up and spends several hours selling you a closet. They manually design the closet and send you the design a week later. You go back and forth for a few more days and when you place the order it can take as long as four months to get your closet installed. Not a speedy or immediate process!
When you reach out to us, we reply within 5 minutes. You can send in your measurements and a photo via text and we design a few versions of your closet and send it back to you with pricing in less than 15 minutes. This highly personal and immediate service wins us a large share of local business – we are simply organized and are using the best technology to give our customer what we all know they want! All of our marketing systems are designed to generate leads that work like this – as many as 8-10 a day in some markets – for an affordable ongoing cost.
What Does an Up Closets Franchise Cost?
If you research franchise ownership, you’ll see the average franchise costs over $250,000 to start. We think this is simply too much and that a hungry entrepreneur looking to better themselves through business ownership should be able to start with far less capital. In fact, we care more about your fit and drive for the business than we do about your financial qualifications. You do have to have enough to launch your business but we want to make the process easy and affordable! Our investment starts at $59,000 and if needed, we can make payment arrangements of a portion of the franchise fee. We offer incentives for young entrepreneurs and give generous discounts to veterans. We are passionate about creating opportunity for people who might not otherwise have a chance!
Here’s the initial cost breakdown for a single or double franchise from our Franchise Disclosure Document:
ITEM 7: ESTIMATED INITIAL INVESTMENT
|Type of Expenditure||Amount||Method of Payment||When Due||To Whom Payment is Made|
|Initial Franchise Fee1
|$39,000 – $78,000||Lump Sum||At the Signing of the Franchise Agreement||Franchisor|
|$1,500 – $2,500||As Arranged||As Incurred||Third parties for travel and lodging|
|Equipment and Tools3||$2,500||As supplier/ vendor requires||As incurred||Suppliers/ vendors|
|Service Vehicle4||$1,000 – $5,000||As Arranged||As Arranged||For vehicles – paid to supplier|
|Initial Inventory5||$500||As Arranged||As Arranged||Third-party suppliers|
|Business Licenses and Permits6||$500 – $1,500||As Arranged||As Incurred||Third-party entities|
|Computer Systems software set up7||$150 – $500||As Arranged||As Arranged||Third-party suppliers|
|Professional Fees9||$500 – $1,500||As Arranged||As Incurred||Third-party legal and accounting firms|
|Start Up Marketing Fee 10||$5,000||As Arranged||At the Signing of the Franchise Agreement||Franchisor|
|Insurance11||$500 – $3,000||As Arranged||As Arranged||Third-party suppliers|
|Operating Expenses / Additional Funds – 3 months12||$8,000 – $10,000||As Arranged||As Arranged||Cash reserves in franchisee’s banking account to pay ongoing payroll, suppliers, and vendors.|
|TOTAL||$59,150 – $110,000|
Don’t be put off by these numbers! Everyone has a different path to funding a business and if you don’t have this amount, still reach out to us – we have a variety of options for most entrepreneurs that will make business ownership more obtainable than you think!
Ready to learn more?
Fill out the form on this page, message us on Facebook messenger, also on this page or email our founder Thomas Scott at firstname.lastname@example.org You can also text us at 615-483-4923.