Question 1

How much does it cost to open a The Tailored Closet franchise?

Accepted Answer

The total initial investment for a The Tailored Closet franchise ranges from $177K to $271K, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the The Tailored Closet franchise fee?

Accepted Answer

The initial franchise fee for The Tailored Closet is $20K.

Question 3

What are the net worth requirements for a The Tailored Closet franchise?

Accepted Answer

Net worth requirements for The Tailored Closet are specified in the Franchise Disclosure Document.

Question 4

Does The Tailored Closet require a personal guarantee?

Accepted Answer

Yes, The Tailored Closet requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a The Tailored Closet franchise?

Accepted Answer

Equipment costs for a The Tailored Closet franchise range from $22K to $59K. Initial inventory costs range from $16K to $29K.