What was the average cost of goods sold for Closet Storage Concepts franchises in 2024?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
| CCCooosstts t ooofff GGGoooooodddss s SSSooolllddd | 222000222444 |
|---|---|
| NNNuuummmbbeebrre r ooofff LLLooocccaaatttiiiooonnnss s | 555 |
| AAAvvveeerrraaagggee e CCCooosstts t ooofff GGGoooooodddss s SSSooolllddd | $$$666666555,,,000777999 |
| HHHiiiggghhheessetts t CCCooosstts t ooofff GGGoooooodddss s SSSooolllddd | $$$888444555,,,222999444 |
| LLLooowwweessetts t CCCooosstts t ooofff GGGoooooodddss s SSSooolllddd | $$$444333000,,,999999666 |
| MMMeeedddiiaaiannn CCCooosstts t ooofff GGGoooooodddss s SSSooolllddd | $$$666999666,,,222555333 |
| TTTaaabbblleele 333 | |
| --- | --- |
| CCCooosstts t ooofff GGGoooooodddss s SSSooolllddd aaasssaa a | 222000222444 |
| PPPeeerrrccceeennntttaaagggee e ooofff GGGrrrooosssss s RRReeevvveeennnuuuee e | |
| NNNuuummmbbeebrre r ooofff LLLooocccaaatttiiiooonnnss s | 555 |
| AAAvvveeerrraaagggee e CCCooosstts t ooofff GGGoooooodddss s SSSooolllddd | 222666...777%%% |
| PPPeeerrrccceeennntttaaagggeee | |
| HHHiiiggghhheessetts t CCCooosstts t ooofff GGGoooooodddss s SSSooolllddd | 333444...000%%% |
| PPPeeerrrccceeennntttaaagggeee | |
| LLLooowwweessetts t CCCooosstts t ooofff GGGoooooodddss s SSSooolllddd | 111888...888%%% |
| PPPeeerrrccceeennntttaaagggeee | |
| MMMeeedddiiaaiannn CCCooosstts t ooofff GGGoooooodddss s SSSooolllddd | 222777...666%%% |
| PPPeeerrrccceeennntttaaagggeee |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 49–55)
What This Means (2025 FDD)
According to Closet Storage Concepts' 2025 Franchise Disclosure Document, the average cost of goods sold for five representative franchised locations in 2024 was $665,079. The highest cost of goods sold among these locations was $845,294, while the lowest was $430,996. The median cost of goods sold was $696,253.
This data, derived from a survey of five franchised locations open for at least one year and meeting specific criteria, provides insight into the expenses a new Closet Storage Concepts franchisee might expect. It is important to note that these figures represent the cost of raw materials and completed products, including inbound freight costs and taxes, used in the production and installation of the products sold.
Prospective franchisees should consider these figures as estimates and understand that their actual costs may vary based on factors such as location, operational efficiency, and purchasing power. Closet Storage Concepts also provides the cost of goods sold as a percentage of gross revenue, with the average being 26.7%, the highest being 34.0%, the lowest being 18.8%, and the median being 27.6%.