What was the average cost of goods sold for Closet Storage Concepts locations 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 |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 49–55)
What This Means (2025 FDD)
According to Closet Storage Concepts's 2025 Franchise Disclosure Document, the average cost of goods sold for five representative franchised locations in 2024 was $665,079. The FDD specifies that Cost of Goods Sold represents the cost of raw materials and completed products, including applicable inbound freight costs and taxes, used in the production and installation of the products sold and represented by Gross Revenues.
This figure is based on data provided by five franchised locations that met specific criteria, including being open for at least one year as of December 31, 2024, located in a market with at least 1 million people, operating for the full 12 months of 2024, and operating from a dedicated retail showroom staffed full time. The highest cost of goods sold among these locations was $845,294, while the lowest was $430,996, and the median was $696,253.
Prospective franchisees should consider these figures as a general indication of potential costs, but individual results may vary. Factors such as location, management skills, and local market conditions can significantly impact the actual cost of goods sold. Closet Storage Concepts also provides written substantiation for these figures upon reasonable request, allowing potential franchisees to further investigate the data's basis.