Up Closets Franchise FDD, Profits & Costs
Up Closets is a custom closet franchise offering personalized storage solutions. It specializes in closets, pantries, garages, mudrooms, and laundry rooms.
Founded in 2022, the company is headquartered in Nashville, Tennessee. Franchising began in December 2022 to expand its innovative approach to home organization.
Up Closets stands out with its use of artificial intelligence in the design process. This technology enables fast and precise customization for clients. The brand focuses on affordability and quality by sourcing materials at competitive rates. These savings are passed on to franchise owners, helping them offer high-quality products at competitive prices.
Currently, Up Closets operates seven franchised locations in the U.S. The franchise model is efficient, requiring low overhead and minimal staff. It is an attractive option for entrepreneurs in the home improvement and organization industry.
Initial Investment
How much does it cost to start a Up Closets franchise? It costs on average between $71,000 – $128,000 to start a Up Closets franchised center.
This includes costs for design tools, equipment, initial materials, and early operating expenses. The exact amount depends on various factors, including the size of the territory, the local market demand, and whether the franchisee opts for a mobile or office-based setup.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $39,000 |
| Your Training Expenses | $1,500 – $4,000 |
| Equipment and Tools | $4,000 |
| Service Vehicle | $2,500 – $8,000 |
| Initial Inventory | $5,000 – $7,500 |
| Business Licenses and Permits | $150 – $1,500 |
| Computer Systems software set up | $100 – $1,300 |
| Professional Fees | $500 – $1,500 |
| Start Up Marketing Fee | $7,500 |
| Insurance | $500 – $2,500 |
| Software / Recruitment Ads | $600 – $1,250 |
| Operating Expenses / Additional Funds | $10,000 – $50,000 |
| Total | $71,350 – $128,050 |
Up closets Franchise Disclosure Document
Frequently Asked Questions
What funding options are available for a Up Closets franchise?
Most franchise buyers in Up Closetss investment range finance their unit through an SBA 7(a) loan, with some multi-unit operators using SBA 504 loans. Buyers with rollable retirement funds sometimes use a ROBS structure. See SharpSheets financial model hub for guidance.
How long does it take to pay back a Up Closets franchise investment?
Payback periods typically run 3-7 years depending on investment level, location performance, and financing structure. Actual payback varies significantly by unit performance and debt service obligations.
Who owns Up Closets?
Up Closets is owned by Thomas Scott, who also serves as the company’s CEO. He leads the franchise’s strategic direction and growth, ensuring its innovative approach to custom storage solutions remains at the forefront of the industry.
SharpSheets Editorial Team | sharpsheets.io | Last Updated: July 2026
Disclaimer
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Research Up Closets franchise data: For the full FDD cost breakdown, investment tables, and Item 19 disclosures, visit FranchisePayback.com → Up Closets FDD Review.
