When is the payment for Closet Storage Concepts opening showroom displays due?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
TIAL INVESTMENT**
| Type of Expenditures | Amount | Method of Payment | When Due | To Whom Payment is to be Made |
|---|---|---|---|---|
| Franchise Fee2 | $40,000 to $49,500 | Lump Sum | Upon Signing Franchise Agreement | Us |
| Travel and Living E |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 19–22)
What This Means (2025 FDD)
According to Closet Storage Concepts's 2025 Franchise Disclosure Document, payment for opening showroom displays, which range from $5,000 to $32,000, is due upon delivery to your store and receipt of invoice. The payment is made to Closet Storage Concepts or third parties.
Prospective franchisees should note that the cost of opening showroom displays can vary significantly. This variation likely depends on the size and complexity of the displays chosen, as well as whether the franchisee builds the displays themselves or purchases them. The FDD indicates that even if a franchisee chooses to build the displays, they must still pay for the materials.
It is important for potential Closet Storage Concepts franchisees to factor this expense into their initial investment calculations and to clarify with Closet Storage Concepts whether the displays are purchased from them directly or from third-party vendors. Understanding the payment terms and options for constructing or purchasing displays is crucial for managing initial costs effectively.