Tailored Living

Tailored Living is the merger of two great brands in the Home Organization business; Closet Tailors and Premier Garage. We focus on helping home and business owners become more organized by designing and installing custom storage solutions in their closets, garages, pantries, home offices, laundry rooms and commercial locations.

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Tailored Living

Tailored Living Franchise Cost and Requirements for 2022

Background

Are you good at managing employees? Tailored Living could be right for you. You can have an office at home, manage a crew of builders and installers, have a warehouse for your equipment, and a truck for customer sales and installs.

When you do the math, Tailored Living is one of the smartest investments you'll ever make.

  • Single territory average sales: $457,583 U.S. / $339,651 CAN*
  • Average gross profit margin: 55% U.S. / 56% CAN*

*Reflects data reported by franchisees responding in 2015 to a survey of various financial measures experienced during 2014 for U.S. / Reflects data reported by franchisees responding in 2014 to a survey of various financial measures experienced during 2013 for Canada. See Tailored Living U.S. Franchise Disclosure Document, item 19 and Tailored Living Canada Franchise Disclosure Document, item 12, for details.


Programs For Veterans

Home Franchise Concepts has a number of entrepreneurial and community service programs to support and give back to veterans.

Home Franchise Concepts is offering discounts to veterans in two ways:

  • Qualified veterans can receive a $15,000 discount.
  • Qualified veterans can receive a $5,000 discount off the purchase price of a Tailored Living or Concrete Craft franchise.

Additionally, Budget Blinds has partnered with Homes for Our Troops, an organization which provides homes for severely injured veterans and their families. Budget Blinds will provide window coverings for 40 homes each year for three years, as well as the time and labor for this important cause - a value of over $500,000.


Ideal Candidate

Perhaps you're a great sales person? Or good at managing employees? Maybe you're a problem-solver and like helping other people? If you have any or all of those characteristics, there's a Home Franchise Concepts franchise that is a business fit for you. While Home Franchise Concepts franchisees differ in many ways, they all have the desire to start their own business-and to benefit from it as it grows. Home Franchise Concepts franchisees are people who want to work for themselves, have more flexibility, achieve independence, and control their income. They are willing to work hard and realize that success is entirely up to the individual.

The initial investment varies by brand. Candidates should have at least $50,000 in liquid capital, have a net worth of $90,000 - $150,000 or more, be comfortable with an initial capital investment of at least $86,000 and be willing to make a full-time commitment.

Company Details

Established: 1999
First Unit Franchised: 2006
Franchised Units: 184
Company Owned Units: 2
States Registered In: All 
Canada Franchises: Yes
International Franchises: No

92 Franchisees and 184 Territories

  • We service 3,000 cities
  • We've installed 161,000 garages
  • We've installed 39,000 closet systems
  • We've added 2,500 Murphy Beds


Support and Training Offered By Tailored Living

Financial Assistance Provided: Yes, $44,000 @ 9% over 10 years
Site Selection Assistance: No
Lease Negotiation Assistance: No
Recruiting Assistance: No
Co-Operative Advertising: Yes
Training: 10 days of hands on training at our Home Office, which is paid for by the Franchisor. They will be given a year (at least) of outside P&L/business coaching by an outside group of Vendors that we will provide to them to pick from. Help lines, webinars, annual convention all further the experience.

2022 Franchise Requirements Needed to Own a Tailored Living Franchise.

What does a Tailored Living Franchise Cost?

Tailored Living franchise fees for 2022:

Cash Investment: $140,470
Total Investment: $184,470 - $297,825
Minimum Net Worth: $250,000
Franchise Fee: $74,950 
Royalty: Fixed schedule that gradually increases over the first 3 years
Ad: 1% NAF fee
Average Number of Employees: 1-2
Item 19: Yes

  • US - 2020 Gross Sales for 1 territory an average of $588K and Multiple territory earnings of $1.8M
  • Canada 2020 - Gross Sales for 1 territory an average of $476k
  • Cost of Goods Sold: 56% in US and 44% in CAN
  • 60% Closing Ratio in US and 57% in Canada
  • Average Sale Amount $4,662 in US and $3,141 in CAN

SBA Approved: Yes
Passive Ownership: No
Home Based: Yes
B2B: Yes
Master Franchise Opportunities: No

  • 16 Zees in Million $ Club averaging $2.1M
  • 2 Zees over $5M

Is Tailored Living a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Tailored Living is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Tailored Living a Home Based franchise?

Yes. Tailored Living is a home based franchise opportunity.

What Do Tailored Living Franchise Owners Make?

Click here to find out how much Tailored Living franchisees make. Tailored Living offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Tailored Living a Master Franchise Opportunity?

No. Tailored Living is not a master franchise opportunity.

Does Tailored Living Offer a Veteran Discount?

Yes. Tailored Living franchise does offer a veteran discount.

Does Tailored Living Work with E2 Visa and EB-5 Visa Candidates?

Yes. Tailored Living franchise does work with E2 Visa and EB-5 Visa candidates.

Is Tailored Living Looking for Franchisees in Canada?

Yes. Tailored Living franchise is looking for Canada franchisees.

Is Tailored Living Looking for International franchisees?

Yes. Tailored Living franchise is looking for International franchisees.

Additional Information

Additional Categories

Home Services, Non Food Franchises

Number of Units Open

100+ UNITS

Cash Required

$100,000 - $250,000

Master Franchise

No

Passive Franchise

No

Home Based Franchise

Yes

Item 19 Franchise

Yes

Veteran Discount

No

B2B

Yes

Franchise Opportunities in Canada

Yes

International Franchise Opportunities

Yes

E2 Visa Franchise

Yes

Tailored Living Franchises for Sale

Click Here to inquire about existing Tailored Living franchises for sale. We may have Tailored Living franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.