What was the lowest cost of goods sold for a Closet Storage Concepts location in 2024?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
Revenue | $2,984,342 | | Lowest Gross Revenue | $2,129,703 | | Median Gross Revenue | $2,298,026 | | 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 | |
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 lowest cost of goods sold for one of its franchised locations in 2024 was $430,996. This data is based on key performance indicators reported 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.
For a prospective Closet Storage Concepts franchisee, understanding the cost of goods sold is crucial for projecting profitability. The cost of goods sold represents the direct costs attributable to the production and installation of the products sold, including raw materials, completed products, inbound freight costs, and taxes. Knowing that the lowest cost of goods sold among the representative locations was $430,996 provides a benchmark, although individual results may vary.
The FDD also provides the average cost of goods sold, which was $665,079, and the highest cost of goods sold, which was $845,294, among the five representative locations. These figures, along with the median cost of goods sold of $696,253, offer a range for potential franchisees to consider when estimating their own potential expenses. It's important to note that these figures are unaudited and that Closet Storage Concepts does not guarantee similar results.