What was the highest cost of goods sold for a Closet Storage Concepts location 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 highest cost of goods sold for one of its franchised locations in 2024 was $845,294. This data is based on information provided by five representative franchised locations that had been open for at least one year as of December 31, 2024, were located in a market with at least 1 million people, operated for the entire year of 2024, and operated from a dedicated retail showroom staffed full time.
The cost of goods sold, as defined in the FDD, includes the cost of raw materials and completed products, including inbound freight costs and taxes, used in the production and installation of the products that generate gross revenues. This figure represents a significant expense for Closet Storage Concepts franchisees, and understanding how to manage these costs is crucial for profitability.
Prospective franchisees should consider this figure in conjunction with the gross revenue figures also provided in Item 19. While one location had a cost of goods sold of $845,294, the FDD also indicates the highest gross revenue was $2,984,342. Analyzing these figures together can provide a more complete picture of the potential financial performance of a Closet Storage Concepts franchise. Keep in mind that the FDD explicitly states that individual results may vary and there is no guarantee of earning as much.