Franchise Facts Report → brands → Closet and Storage Concepts
Closet and Storage Concepts franchise — is it worth it?
Low risk Stable network Item 19 disclosed
Closet and Storage Concepts | More Space Place is a home services franchise with an investment range of $112,550 to $621,050.
Everything below is free, read straight off Closet and Storage Concepts's registered filing, with where the numbers land against home services peers. Weighing Closet and Storage Concepts against other options? Get a free shortlist of franchises that fit your budget.
Figures above are as disclosed in Closet and Storage Concepts's most recent FDD (registered 2024). Source: California Dept. of Financial Protection and Innovation — Franchise Registration · filing app-31381 — check it yourself. See every other California-registered franchise.
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Tell us your budget and the industries you're open to. We'll match you with 5–10 franchises whose own FDDs fit — ranked by earnings disclosure, growth and closure rate — and email you the list. Closet and Storage Concepts will be on it if it fits.
How much does a Closet and Storage Concepts franchise make?
Closet and Storage Concepts is one of the franchisors that answers this on the record: its most recent FDD makes an Item 19 financial performance representation — actual unit earnings figures, disclosed by the franchisor itself. The headline figure is $2,899,198 in average unit revenue — read it alongside what Item 19 says about which units it covers (often only mature or top-performing locations). See every home services brand that discloses earnings in the Home services & home improvement franchises with disclosed Item 19 earnings ranking.
Closet and Storage Concepts franchise profit vs. revenue
Revenue is not profit. An Item 19 almost always reports sales — what a location takes in — not what an owner keeps. Out of that number come Closet and Storage Concepts's 5% royalty, the ad fund, rent, payroll, supplies and debt service. No FDD tells you a Closet and Storage Concepts franchise's profit, because profit depends on your site, your rent and how you run it — so treat any "Closet and Storage Concepts franchise profit" figure quoted elsewhere as someone's estimate, not a disclosure. On $2,899,198 of revenue, a 5% royalty alone is about $144,960 a year before any other cost.
Closet and Storage Concepts lawsuits & legal history (FDD Item 3)
Closet and Storage Concepts's most recently filed Franchise Disclosure Document (2024) discloses no litigation in Item 3. That is a real signal rather than a gap: the FTC Franchise Rule requires a franchisor to disclose material litigation involving itself, its predecessors, parents, affiliates and management, so an empty Item 3 in a current filing means there was nothing it was required to report. It is worth reading alongside the churn numbers — a system can have a clean Item 3 and still be losing franchisees, which is what Item 20 shows.
Closet and Storage Concepts closures & failure rate
Before you sign, Closet and Storage Concepts will hand you a list of current owners to call as references — and they choose who's on that list. It won't include the owners who quit, got bought out, or were forced out last year. The FDD does report that number, even though the reference list leaves those people off. Below is what Closet and Storage Concepts's most recent filing shows, and whether it's normal for a home services of this kind.
The closest thing an FDD has to a failure rate is Item 20 — outlet openings, closures, terminations and non-renewals, reported by the franchisor. Closet and Storage Concepts's latest tables show a stable franchised network. Net franchised outlets moved 0 to 44 in the latest reported year.
Who owns Closet and Storage Concepts?
Closet and Storage Concepts's franchise is offered by Closets Unlimited of New Jersey, Inc. — the franchisor named on the cover of its most recently filed Franchise Disclosure Document (2024), and the entity a franchisee actually signs with. That name comes straight off the filing at CA DFPI; it identifies the franchisor, not necessarily the ultimate parent company behind it.
Home services franchises at a similar investment level
Anyone weighing Closet and Storage Concepts is really weighing it against the other brands their money could go into. These are the closest by total initial investment (FDD Item 7), each with its own FDD-based page.
Closet and Storage Concepts franchise — frequently asked
Who owns Closet and Storage Concepts — who is the franchisor?
Closet and Storage Concepts's most recently filed FDD (2024) names Closets Unlimited of New Jersey, Inc. as the franchisor — the entity you would actually sign the franchise agreement with, as stated on the disclosure document itself. A registry filing names the franchisor, not necessarily its ultimate parent company.
How much does a Closet and Storage Concepts franchise cost?
Closet and Storage Concepts's most recently filed FDD (Item 7) puts the total estimated initial investment at $112,550 – $621,050 and a 5% royalty. That price is the franchisor's own estimate of what it takes to open, not a quote. Against home services peers it sits in the bottom quartile (median $162,725).
How much profit does a Closet and Storage Concepts franchise make?
Closet and Storage Concepts discloses unit earnings in Item 19, but that figure is revenue — sales — not profit. Royalties (5% of gross for Closet and Storage Concepts), the ad fund, rent, payroll and supplies all come out of it, and no FDD discloses what an owner nets. Any Closet and Storage Concepts franchise profit number quoted elsewhere is an estimate. The headline figure Closet and Storage Concepts discloses is $2,899,198 in average unit revenue.
Does Closet and Storage Concepts disclose financial performance (Item 19)?
Yes — Closet and Storage Concepts reports unit-level earnings in Item 19. The headline figure is $2,899,198 in average unit revenue, as the franchisor states it.
Are there lawsuits against Closet and Storage Concepts?
No — Closet and Storage Concepts's most recently filed FDD (2024) discloses no litigation in Item 3. Franchisors must disclose material litigation involving themselves, their predecessors, parents, affiliates and management, so an empty Item 3 is a genuine signal rather than an omission.
Is Closet and Storage Concepts a good franchise to buy?
Nobody can answer that from Closet and Storage Concepts's numbers alone — it comes down to how its investment, earnings, litigation and franchisee churn stack up against home services peers and against your own budget. Our read on this filing is low risk. Every figure behind that read is on this page for free. If you're comparing options, the free shortlist on this page matches you with 5–10 franchises that fit your budget and industry.
Get a free email when something changes on Closet and Storage Concepts or home services: a new FDD registration, a new lawsuit, an outlet count that shifts, or Item 19 earnings going from undisclosed to disclosed. Pulled straight from the same state registries this page is built on.