What was the median 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' 2025 Franchise Disclosure Document, the median cost of goods sold for five representative franchised locations in 2024 was $696,253. These locations had been open for at least one year as of December 31, 2024, were located in markets 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 includes the cost of raw materials and completed products, including inbound freight costs and taxes, used in the production and installation of the products sold.
In addition to the median, the FDD provides the average, highest, and lowest cost of goods sold for these five locations. The average cost of goods sold was $665,079, with the highest being $845,294 and the lowest being $430,996. This data is based on information provided by the franchisees in response to a survey.
Prospective franchisees should consider these figures as estimates of what they might expect, but understand that their individual results may differ. Factors such as location, management skills, and local market conditions can significantly impact financial performance. Closet Storage Concepts also states that there is no assurance that a franchisee will earn as much.