Custom Closet Franchise Sees Sales Upswing as Homeowners Get Back to their Wish Lists
Rising Home Values, Low Interest Rates Contribute to Record-Breaking Sales for Closets by Design
CYPRESS, Calif. - December 02, 2014 - (BUSINESS WIRE) - As the economy continues to improve and home values rise in markets across the country, homeowners are confidently starting to invest in home improvement projects. According to Fitch Ratings, total spending on home improvement projects will increase by 6 percent in both 2014 and 2015.
As a result, business for home improvement and remodeling companies are rebounding to levels not seen since pre-recession. For example, in the past three months, the closet organizing and storage remodeling franchise, Closets By Design, has seen record-breaking numbers.
"In addition to custom closets for bedrooms, we are seeing a rising demand for organizational systems of all sizes for various areas of the house, including home offices, pantries and mudrooms," said Closets By Design President Jerry Egner. "We are also experiencing a significant increase in jobs related to additional storage space and customized work stations in the garage as an extension of the home."
Franchisees are not only seeing an increase in the number of projects, Egner noted, but customers are consistently upgrading purchases well above the basic options. As a result of the continued sales growth, Egner said Closets By Design is also experiencing high levels of interest in its franchise opportunity. However, the company remains selective in bringing in only the most qualified franchise partners who understand how to manage and grow a business, as well as the economics behind it.
In 2014, Closets By Design opened three new franchises in Texas, Florida and New York. The company currently has 43 franchise territories with additional growth on the horizon. "We expect to expand our brand into 6-8 targeted markets across the United States and Western Canada over the next year with qualified franchisees," he said.
To prepare for the growth, the Closets By Design home office has added additional franchise industry veterans to its staff to support franchisees in marketing and operations best practices.
With more than 30 years in the industry, the Southern California-based franchise offers entrepreneurs industry-leading franchise support, comprehensive marketing and advertising programs and high unit-level economics. Investment levels for Closets By Design range from $126,000 to $296,500. In addition to the exclusive rights to operate within a franchise territory, the franchise fee includes extensive training and support in all aspects of running a successful Closets By Design franchise.
About Closets By Design
Since 1982, Closets By Design has built a reputation as a leader in the closet organizing and storage remodeling industry. From no obligation in-home consultation to custom tailored designs to the highest quality product construction, Closets By Design emphasizes a commitment to complete customer service and total customer satisfaction. The concept began offering franchise opportunities in 1997 and currently has 43 territories across the United States and Canada. Closet By Design offers franchise opportunities in large exclusive territories. Closets By Design has been ranked in Entrepreneur magazine’s top 500 franchises as a leader in the home organization category. For more information, please call 1-800-377-5737 or visit www.closetsdesign.com. Interested franchisee candidates can visit www.closetsbydesign.com/franchise-opportunities.
SOURCE Closets By Design