Question 1

Does Up Closets franchise offer exclusive territory?

Accepted Answer

Up Closets offers Exclusive territory protection to its franchisees. This means no other franchisee can open in your designated area.

Question 2

What is the Up Closets franchise agreement term length?

Accepted Answer

The initial franchise agreement term for Up Closets is 10 years. Franchisees may renew up to 2 times for 5-year periods. The total potential term is 20 years.

Question 3

What is the non-compete clause for Up Closets franchise?

Accepted Answer

The Up Closets franchise non-compete clause extends for 2 years within a 25-mile radius after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a Up Closets franchise?

Accepted Answer

Yes, Up Closets allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $5,000 applies.