15 frequently asked questions answered with data from the 2025 Franchise Disclosure Document.
The total initial investment to open a Up Closets franchise ranges from $71K to $218K (2025 FDD). This includes the franchise fee, equipment, build-out, inventory, and working capital needed before opening.
View full investment analysisThe initial franchise fee for Up Closets is $78K (2025 FDD). This one-time fee is paid to the franchisor when signing the franchise agreement and covers the right to use the brand, systems, and initial training.
View full investment analysisData sourced from the Up Closets 2025 Franchise Disclosure Document (FDD). Always review the most current FDD and consult with a franchise attorney before making investment decisions.
No, Up Closets does not require franchisees to have dedicated real estate (2025 FDD). This can significantly reduce startup costs and ongoing overhead.
View full investment analysisThe total ongoing fee rate for a Up Closets franchise is approximately 2.0% of gross sales (2025 FDD). This includes the royalty fee, a 2.0% marketing/advertising fund contribution, a $600/month technology fee, and other recurring charges.
View full fees analysisUp Closets has been involved in 2 litigation cases over the past 3 years (2025 FDD). There are currently 2 pending cases. There are no class action lawsuits pending.
View full litigation analysisNo, the Up Closets franchisor has no bankruptcy filings in their disclosure history (2025 FDD).
View full litigation analysisUp Closets offers exclusive territory rights to its franchisees (2025 FDD). The franchise agreement includes encroachment protection, preventing the franchisor from placing another unit in your territory. Online sales are managed by the franchisor, not individual franchisees.
View full territory analysisUp Closets currently operates 44 locations (2025 FDD) (44 franchised, 0 company-owned). The system grew by 175.0% over the past year.
View full growth analysisThe 1-year franchisee turnover rate for Up Closets is 18.2% (2025 FDD). This includes closures, terminations, non-renewals, and transfers. A lower turnover rate generally indicates higher franchisee satisfaction and system stability.
View full growth analysisAccording to the Up Closets FDD Item 19 financial performance representation (2025 FDD), the median gross sales per unit is $439K (average: $475K).
View full financials analysisThe initial franchise agreement term for Up Closets is 10 years (2025 FDD). Franchisees can renew 2 times for 5-year periods. The total potential term is 20 years.
View full contract analysisUp Closets's post-termination non-compete clause restricts former franchisees from operating a competing business for 2 years within 25 miles of the former location (2025 FDD).
View full legal analysisYes, Up Closets's franchise agreement requires mandatory arbitration for dispute resolution (2025 FDD). The agreement includes a jury trial waiver.
View full legal analysisUp Closets provides 105 hours of initial training (2025 FDD). The cost of training is covered by the franchisor (travel and lodging are typically the franchisee's responsibility). Ongoing field support is provided on a as-needed basis.
View full support analysisYes, Up Closets provides site selection assistance to help franchisees find the right location (2025 FDD). The franchisor also provides technology support and systems.
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