Highlights of Closets by Design’s Item 19 Financial Performance Representations (2011 FDD)
- Closets by Design is a retail sales and installation business selling custom closets, garage cabinets, and other organizers within a designated territory.
- The total investment necessary to begin operation of a Closets by Design franchise is from $124,900 to $278,400 (not including real property), including $36,000 that must be paid to the franchisor.
- The following section contains historic performance information for the fiscal year 2010 for the 24 Closets by Design businesses that were open for 24 months or longer as of December 31, 2010.
- There were a total of 24 franchised Closets by Design businesses as of that date, 5 of these businesses operated 2 territories each from a single location.
2010 Financial Information for Closets by Design Businesses That Were Open for 24 Months or Longer as of December 31, 2010