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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Owning and running a business with your spouse can be an exciting journey, one that requires patience, excellent communication, the delegation of responsibility, and most importantly an overall understanding of each other’s mindset and goals.

In fact, more than 1.4 million businesses in the U.S. are run by teams united in marriage, according to the most recent data from the Bureau of Labor Statistics. The trend is very common in franchising, reports the International Franchise Association. When you buy a franchise, you get a proven system for setting up and operating your business. This is one of the main reasons people choose to buy a franchise instead of starting a business from scratch. The wedded team approach alleviates some of the stress of a single ownership and allows the couple flexibility to juggle the business with family obligations.

The most successful business couples know how to give and take when it comes to work, how to divide responsibilities to play to each other’s strengths, and how to shut it off when they’re outside of the office.

Owning a franchise requires hard work and commitment. If you and your spouse share this dream, you can build a successful business — and a happy marriage — together.

Here are some teamwork takeaways from other successful couples in franchising.

Divide and Conquer

Just like in marriage, in a business partnership, there is a yin and a yang. Franchise owner teams whose skill sets and interests complement each other have the best shot at making their business a success.

“We split responsibilities,” says Sarah Sokol, who owns Closets by Design of Nashville with husband Mark. “I handle the front-end including hiring, advertising, and accounting and Mark oversees the back-end operations like production and installation.”

Recognize one another’s strengths and weaknesses and divide the workload accordingly. This way, you can be sure you’re tackling everything that needs to be done without stepping on each other’s toes.

Set Boundaries

Separate personal from professional on the job. Displays of affection or marital disagreements can make working conditions uncomfortable for employees. Keep your work and home issues separate. This will alleviate stress in the workplace and help foster harmony at home.

Work/Life Balance

Since you will be spending a lot of time together, make sure both of you have the space you need during the day.

“One thing that helps us is we don’t share an office. We have separate working spaces,” adds Sarah Eppard, who co-owns Closets by Design of Minneapolis with her husband Bob. “We also drive to work separately. These little things give us the alone time necessary to gear up for the day or wind down after work.”

Since you will be spending a lot of time together, make sure both of you have the space you need during the day. Asking the other person how their day went and if they need help with anything can go a long way in keeping a relationship a happy and productive one.

Patty and Jeff Mitchell, owners of Closets by Design of Boston, take a different approach to run their business. “I do all of the marketing and advertising from my office at home while Jeff goes into the factory every day to handle the day to day operations”.

While it can be easy to get wrapped up in the work, make sure to regularly spend time together (like a date night) away from the office.

“We take a couple of vacations each year to “get away from things”,” adds Sokol. “It allows us to re-set and be ready to get back to work when we return home.”

Nothing unites two people more than achieving something together. Owning a Closets by Design franchise is a great opportunity for couples to fulfill their dream of business partnership.

Closets by Design is the fastest-growing custom organization franchise in the home improvement industry. The home improvement industry does well over $400 billion in revenue annually and is projected to grow at a rate of more than five percent through 2025.

Throughout the Closets by Design system, numerous married franchisees are running successful businesses and making an impact in their communities.

It’s no problem if you don’t have experience. When you invest in a Closets by Design franchise, you will complete a comprehensive, two-week training session at our corporate headquarters as well as on-site support during your start up. We make sure you understand the day-to-day operations of your franchise so you are prepared to be a business owner in the home improvement industry.

You’ll benefit from our more than 30 years of experience with topics such as sales and financing, design and installation, marketing, and much, much more. We also offer ongoing support to help you maintain and grow the skills you’ve built up.

Get more information about about saying “I do” with a Closets by Design franchise today.

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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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