Today’s consumers are especially eager for custom storage and more functional organizational solutions. They are adapting rooms for home offices, creating study spaces for their child’s virtual learning, and looking for the best way to store all the products they’ve been stocking up on. Providers of made-to-order closets and storage systems have had an edge where other businesses have not been as fortunate.

Research suggests the demand for home organization products in closets will increase by 4.8 percent per year through 2023 to $3.4 billion, according to a home organization products study by The Freedonia Group. Demand for these products in all rooms should reach $12.7 billion during that same time frame, representing gains of 3.8 percent per year.

<H2>Revenues are Up, The Future Remains Bright

 Even with issues related to the pandemic, including supply chain challenges in some areas, and social distancing precautions, sales of closets and other organized spaces have not only held their own, they’ve also grown.

Home improvement spending increased 3 percent in 2020 to $271 billion, according to a report from Harvard University’s Joint Center for Housing Studies. This year, JCHS is forecasting spending will reach $281 billion.

<H2>Closets and Storage: What the Trending Shows

 The housing market is thriving, and people are eager for upgrades that will not only satisfy their current needs but also make their homes more appealing to potential buyers. As an owner of a Closets by Design franchise, you will have a suite of affordable, top-quality products necessary to satisfy a hot market for storage and organization. Here are some trends you can take advantage of:

• The top three design projects continue to be primary bedroom closets, home offices, and garage organization.
• Functional closets, pantries, and utility rooms are priorities for millennials in the home improvement and homebuying market. They ranked the following amenities at the top of their wish lists: 86 percent specified a desire for laundry rooms, 80 percent wanted garage storage, 79 percent specified a walk-in pantry, and 73 percent wanted a linen closet in the primary bath, according to the Millennial Home Buying Preferences study by the National Association of Home Builders.
• Full-extension drawers, accent lighting, islands, jewelry tray inserts, and hampers are among the most requested upgrades for closets. In the garage, homeowners requested cabinets, workbenches, shelves, slat wall, and countertops, the survey reported.

<H2>Rising Home Equity and Low Interest Rates: A Boon to Both Sides

Leading the remodeling trend is a boost in home equity for many homeowners and favorable interest rates. The access to credit works both ways — to you as a new business owner and to the clients who will be willing and able to pay for your services. Low interest rates might mean the time is ripe for you to become your own boss. Owning a Closets by Design franchise provides an opportunity for you to carve out your own entrepreneurial path and control your destiny.

<H2>Is Closets by Design Right for You?

You don’t need to be a woodworker or have manufacturing experience to open a Closets by Design franchise. If you have good leadership skills, a steadfast commitment to customer service, and excellent follow-through habits, being a franchisee might be a perfect match. Check out our article “A Great Closet Starts with the Right Person” to start your journey.

Visit us at www.closetsbydesign.com/franchise to learn more about the franchise ownership opportunities available in this booming industry.

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Learn why the time is right and how you can come out on top with your own custom closet franchise with Closets by Design.

This is Your Time to Shine

While 2020 has been a challenge for many businesses, it has actually worked to our advantage. This is an opportunity for you to establish a foothold in the industry.

Many companies have been forced to cut back on spending for advertising and marketing. This helps to lower the cost of advertising rates while also leaving a vacuum in the market that you can fill!

These developments make right now an advantageous time for entrepreneurs in general, but there are all also plenty of reasons specific to the home improvement industry that make a custom closets franchise a particularly smart idea.

The Housing Market is Doing Surprisingly Well

One thing that has surprised many people during the economic downturn of 2020 has been the resilience of the housing market. This has been a time of economic upheaval and seismic shifts in employment rates. As such, it would stand to reason that the housing market would slow down as well. It turns out nothing could be further from the truth.

The housing market is actually booming, and with a hot housing market comes more people wanting to improve the value of their homes. They may be wanting to boost their home value or upgrade a home they’ve recently purchased.

Home Improvement and Remodeling is Booming

It’s more than the booming housing market that makes the custom closet industry so attractive. The market has also seen a surprising uptick in the home improvement and remodeling market. In a way, it makes sense.

People have been spending so much time in their homes that they want them to be as nice as possible or have noticed room for improvements they never thought of before. One of the first ways people upgrade their homes is with their closets.

With nowhere to go and nothing to do, many people are finally getting around to those home improvement projects they’ve been meaning to get around to. That means finally upgrading their closet! For some homeowners, this may mean expanding their existing closet. For others, it may mean converting another part of their home into functional storage space. As a professional Closets by Design designer, you can help point them in the right direction.

Rely on Yourself and Take Charge of Your Destiny

In uncertain times, the only person you can truly rely on yourself. This is just as true for your career as it is for your personal life. Entrepreneurship is your opportunity to take the reins of your career and be the one in charge of your own success.

Don’t let the market or a pandemic dictate your destiny. Instead, take life by the horns with your own business. With a proven system that has been tested by more than 35 years in business and robust franchise support, a Closets by Design franchise can help you lay the foundation for your future.

Control Your Future with a Closets by Design Franchise

They say that if you always wait for the right time then there will never be a right time. Now is your opportunity to take charge of your career and own your business in a booming market. Learn how you can start your Closets by Design franchise today.

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Resolving to take charge of your life may sound like a lot, but Closets by Design can help you keep your resolution by helping you live the life you deserve. Here’s what you need to know about taking advantage of new opportunities in the new year.

Change Your Career and Take Charge of Your Life

A new year is a wonderful time for new beginnings. This is particularly true when it comes to your career. In fact, one study shows that 6 in 10 workers in the United States want to change their job or career in 2020. Given the strength of the economy right now, it’ shouldn’t come as a surprise, it shouldn’t come as a surprise that more people are eyeing greener pastures. Fewer people than ever expect to stay with the same company for all of their careers. Employees are changing careers for many different reasons. Some employees are looking for an improved work-life balance or a greater sense of satisfaction with their job. Others are tired of the corporate grind and are ready to be their own boss.

Those last two considerations are particularly important. Work-life balance has increasingly become a top priority for many employees in the United States. One of the best ways to achieve a better work-life balance is by exercising more control over your career. There are few better ways to do this than by owning your own business! It’s no wonder that the same study found that nearly 20 percent of millennials are interested in starting their own business.

Franchising Opens the Door for Entrepreneurship

Maybe you’ve decided that you want to open your own business. This a fantastic decision, and also a very big one. It’s important that you ask yourself the right questions before jumping in. How do you know what type of business you want to open? Where do you even begin when it comes to opening your business? Budding entrepreneurs are looking toward franchises as their ticket to business ownership. This decision makes a lot of sense for multiple reasons. Franchises are unique in that they allow you to own your own business while providing entrepreneurs with the guidance and support they require to be successful out of the gate.

With a franchise, you can take advantage of the experience and success a company has already built. Franchises work because these business models are designed to be replicated anywhere. With plenty of locations already in operation, you can take confidence in knowing that your franchisor understands exactly what is necessary to get your location off the ground.

Closets by Design Sets Your Career Up for Success

A big part of taking charge of your career, and life, through franchising is picking the right franchise. It’s important to choose a franchise where you know you can flourish. That’s why it is vital to partner with a company that will give you everything you need to be satisfied in your career.

Closets by Design boasts more than 35 years of powerful brand identity, providing franchisees with the platform they need to succeed. Our established business model has proven itself successful time and time again throughout the years. During that time, our franchisees have demonstrated that our franchises are excellent cash flow businesses with high gross margins while only requiring a low amount of inventory.

Combined with extensive ongoing support through training, marketing, and more, Closets by Design has a proven business model which includes lead generation and brand awareness you need to get your franchise started on the right foot. With this level of support on such a strong foundation, keeping your New Year’s resolution has never been easier than with Closets by Design.

Get Started with Your Custom Closet Franchise Today!

Are you ready to take charge of your career and change your life? Start your custom closet franchise with Closets by Design today! Request more information about how you can get started or give us a call at 800-500-9210.

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The quickest, and most direct, route to capitalizing on this exploding industry is to partner with an established franchise. Franchise businesses provide entrepreneurs with the brand recognition and a functional business model they need to make their footprint in an ever-expanding marketplace.

Now that you’ve decided to invest in a franchise, exactly what does that mean and how do you go about joining? The team at Closets by Design has been helping franchisees achieve their dreams of business ownership for over 35 years. The team can help you join the industry too.

Learn the Details for Your Franchise

There are many things that investors need to consider when purchasing a franchise. These include the details of your total investment, startup timeframe, training and support, and, most importantly, the income opportunities. Here’s what entrepreneurs need to know when they are looking into starting their own custom closet franchise.

Talk to the Source About Your Total Investment

First, entrepreneurs should understand what their investment is going to be when starting a franchise. The total investment for starting a franchise can vary greatly depending on the industry, your location, and the opportunity for income. And startup fees do not only cover the franchise fees, some franchises may require the building of a new location or renovating of an existing one while some may allow for franchisees to work from home. Because the investment range is so diverse to each particular franchisee, it’s recommended that you take the time to perform your due diligence and speak directly with the parent company for additional details.

Know the Timeframe for Starting Your Franchise

They say that Rome wasn’t built in a day. The same is true for a successful franchise. Many franchises can take anywhere from two to six months or longer, between your initial inquiry to when you open your doors. Of course, this timeframe may also vary between franchisees and locations. For potential owners who are looking to get started quickly, there may be resale opportunities available. This is where speaking to the franchisor can be beneficial to help you understand the timelines and options.

Thankfully, with the right franchise, you can count on franchisor support throughout your startup. In addition to this support, franchisees can also expect additional help in the form of training.  It is important that you understand how much training and what type of support is available to you as you look for the right franchise fit.

Prior to a franchise’s grand opening, Closets by Design provides a comprehensive, two-week training session at its corporate headquarters in California. Support from your franchisor is crucial to the future success of any business and should be a major consideration in making your choice. In addition to extensive corporate training, Closets by Design franchisees can also count on the corporate team for robust, in-house marketing support to drive leads through both local and national advertising programs. On top of that, you can always count on the continued communication and training that come with being a member of the franchise family.

Find Out About Financing

Financing may be available for specific startup costs such as territory fees and initial machinery investments to name a few.

Some companies, like Closets by Design, are pre-approved by the Small Business Administration (SBA) franchise registry. This makes applying for small business loans, and receiving faster approvals, easier for potential franchisees.

For a more detailed understanding of investment costs, franchisees can request more information about starting their Closets by Design franchise.

Understand Why the Investment Works for You

The most important part of planning your investment is understanding why it’s a good investment in the first place. We’ve already told you how home improvement is a billion-dollar industry that doesn’t show signs of slowing down. A Closets by Design franchise is your best way to make the most of this upward trend.

During our more than 35 years in business, our franchisees have consistently proven that Closets by Design franchises are excellent cash flow businesses with deposits collected before delivery of the product. Furthermore, owners who follow the Closets by Design model have been shown to achieve high gross margins while maintaining low inventory.

One of the best ways for franchisees to learn more about the opportunity is to speak with other owners who have already changed their lives through franchise ownership. Speaking with owners is an integral step of the discovery process for any potential franchisee and an excellent way to learn about both the startup process and life as a business owner. In fact, after their own Discovery Day, Closets by Design franchise candidates will have the opportunity to speak with existing owners to learn more about the franchise experience from a hands-on perspective. But you don’t have to wait, you can see testimonials from franchisees discussing their own success with Closets by Design now on the website.

Are You the Ideal Closets by Design Owner?

Are you asking how you can become a Closets by Design franchise owner? You may already be the ideal candidate. What you need is experience as a leader, with strong management skills and good people skills. No woodworking or manufacturing experience is necessary! Do you think owning a Closets by Design franchise is right for you? Reach out today to learn more about how you can get your start in the home improvement industry when you open a Closets by Design franchise.

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What you may not have realized is that the right industry was in your home this entire time. That’s right, we’re talking about the custom closet industry. How large is the custom closet industry, and what kind of growth opportunities exist for budding entrepreneurs? Here’s what you need to know about this goldmine of an opportunity and how you can get your foot in the door.

The Home Improvement Industry Keeps on Growing

As the housing market in the United States keeps improving, so does the demand for upgrades on new and older homes. It’s a major reason why home improvement spending is growing at a rate that is almost double the rest of the retail market. Home values are rising across the country. On top of that, the housing market is seeing millennials take the plunge and buy their first homes. With the increase in property values comes a renewed desire for people to invest more in their homes.

These investments are often coming in the form of upgrades in the hopes of improving the resale value, making an impact on potential buyers, or simply improving the quality of life for homeowners. We’re seeing this through improvements to closets, garages, pantries, and more. By optimizing storage space to make the most of their square footage, homeowners organize their lives while also ensuring their home makes a great first impression.

Among these improvements, one of the biggest areas where the market is seeing improvement is in custom closets. In fact, a recent survey by the Freedonia Group shows that the custom closet industry is expected to increase in the United States by 3.8 percent every year through 2021 to a total of $11.8 billion. That’s a massive market potential that keeps getting bigger each year. But how can entrepreneurs capitalize on this incredible opportunity?

A Custom Closet Franchise is Your Doorway to the Market

Even when many entrepreneurs recognize their big chance, the idea of jumping in headfirst can be a daunting prospect. Starting an independent business from scratch requires more than just capital; you need a sound business plan, industry knowledge, and an aggressive marketing strategy to establish yourself in a competitive space.

Purchasing a franchise provides entrepreneurs the freedom of owning their own business while also offering all the advantages of a proven process. Combined with reliable marketing support and extensive training, Closets by Design sets its franchisees up for success from day one. This is why a Closets by Design franchise is your best chance at getting in on this rapidly expanding industry before it’s too late.

By teaming up with an established company like Closets by Design, franchisees take full advantage of a recognizable brand that customers already trust. This, coupled with an extensive history of success reinforced by a finely tuned business model that works, is a recipe for success that has helped Closets by Design franchises thrive for decades.

Closets by Design has helped people organize their lives for more than 35 years. As the leading franchise system in an ever-growing industry, the business has seen franchisees flourish across North America. Its established model has proven itself time and again as a sound investment. Don’t wait to get your piece of this exciting industry. Ask how you can start your franchise today with the team at Closets by Design.

The post What Are Growth Opportunities in the Custom Closet Industry? appeared first on Closets by Design - Franchising.

Is it getting up in the morning and fighting the morning traffic only to find you’ve got yet another new project waiting for you on your desk?

Is it wanting to spend more time with your family, but instead spending another late night at work or another weekend playing catch-up?

For millions of American workers, their jobs are far from the picture of happiness. They spend years working to advance someone else’s dream, never realizing they’re keeping their own dream and their own happiness on the back burner.

Finding Happiness in Challenges

Happiness and job satisfaction comes from constantly learning and growing. At Closets by Design, you might think you’ll need woodworking or manufacturing experience, but that’s not the case. Experience in sales and marketing is helpful but by no means a requirement.

As a CBD franchisee, you’ll have the safety of our established business and sales model along with the support of our corporate team. You’ll have all the initial training you need to get you started, along with ongoing support for continued business expansion. Each client project presents a new opportunity to grow.

Are YOU the Right Person?

At Closets by Design, we help homeowners organize their lives. It’s a special, yet rewarding, task that requires a determination and tenacity. What makes the right person? We look for franchisees with:

• Leadership experience
• Proven people skills
• Commitment and follow-through
• Ability to follow the CBD process
• A desire to be happier and in control of their life

Studies have shown that entrepreneurs tend to be happier. We help bridge that gap. With Closets by Design, you’ll be in business for yourself, but not in business by yourself! Our team will be there to support you.

Your Future; Your Way!

Let Closets by Design help you paint a different picture for your future, a future where you’re in control of your own destiny — a future where you make the decisions about how much you work. We’re not suggesting that you won’t work hard, and there will surely be a few late nights. The difference is, when you have to make sacrifices, YOU’LL be the one reaping the rewards… not someone else.

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So, what can we expect from the home improvement industry in the near future? Well, considering the current state of the industry, home improvement spending will likely continue to increase significantly. Strengthening employment conditions and rising home values are encouraging homeowners to make greater investments in their homes. So much so that over the next few years, the growth rate of the home improvement industry could surpass that of new home construction! DIY and fixer-upper projects are so popular today that everyone wants to follow suit and improve their homes. Discretionary home improvements — those other than necessary maintenance — are becoming more and more popular with this trend as well.

According to Inman, Baby boomers also have a significant impact on the thriving home improvement industry. As they age, they seek to make their homes more suitable for the accessibility challenges that they will face in the near future. Millennials also have a considerable impact on this industry, and it is not going anyway anytime soon. Millennials have such a big impact on the home improvement industry because, as they start moving into homeownership for the first time, they are buying older, more affordable, homes that are in need of renovation. Fortunately, for Closets by Design franchise owners, accessibility and organization go hand-in-hand.

The home improvement industry has seen substantial growth in the last few years, allowing large opportunity for profit. Homeowners across the country are focused on adding comfort, style and value to their homes — and you can fulfill this demand!

To learn more about owning a Closets by Design franchise, visit franchise.closetsbydesign.com. Click here to get started on your application!

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