FranchiseVerdict
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FV-00556·STRONGExcellent91

Classy Closets

Business Services - Printing & SignsFranchising since 2006Website
Investment
$55K – $312K
7th pct Printing & Si…
Avg revenue
$2.3M
60th pct Printing & Si…
Royalty
Units
17
27th pct Printing & Si…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $55K – $312K including a $50K franchise fee.
  • Average unit revenue of $2.3M/year (median $1.9M).
  • Rated STRONG with a risk score of 47/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).

Item 1 · who you're contracting with

The Franchisor

Legal entity
CHRLS Enterprises, Inc.
Incorporated in
Arizona
HQ
1251 S. Nelson Drive, Chandler, Arizona 85226
Auditor
Farnsworth Company, PLLC
Audited financials
Franchisor revenue
$2.6M
vs $2.8M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Classy Closets unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $2,284,356
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: retail
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $55K–$312K
Working capital
$
FDD reports $2K–$20K

Unlevered ROIC · per unit

59%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$114K
EBITDA margin
5.0%
Total invested
$194K
Payback
20 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Classy Closets franchisees design, manufacture, and install custom closet systems and storage solutions for residential and commercial clients. Day-to-day operations include in-home consultations, 3D design work, material ordering, installation management, and customer service. Revenue is transaction-based (custom projects) rather than recurring.

CEO
Duane Layton Standage
Founded
2004
FDD year
2025
States available
8

Item 7 · what it costs

The Vitals

Total investment
$55K – $312K
All-in to open one unit
Liquid capital
$2K – $20K
Cash you must have on hand
Franchise fee
$50K
Royalty
Greater of Minimum Monthly Royalty ($1,000–$2,500) or 5% …
Ad fund
4.0%
typical 3–5%
Total fee load
9.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$2.3M
Per unit, per year
Median gross sales
$1.9M
Item 19 type
Yearly and Monthly Net Revenue
Sample size
10 units
vs category median 42 · small
Range (low → high)
$452K$6.0M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank60th
vs Business Services - Printing & Signs peers
Investment cost rank7th
Lower investment ranks lower (better)
Royalty rate rank57th
Lower royalty = lower percentile (better)
Unit count rank27th
vs Business Services - Printing & Signs peers
Risk score rank20th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
17
Opened
2
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
3
Corporate units in the system
% franchised
82%
vs corporate-owned
Net growth (yr3)
+16.7%
Net unit change last year
3-yr CAGR
+16.7%
Compounded over last 3 years
2023
14+1
Franchised units
2024
12
Franchised units
2025
12
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 10 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 10 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
2
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

47
Risk · 0-100
STRONG47 / 100

Classy Closets presents moderate-to-cautious risk: undisclosed profitability, tiny franchise system, high fixed costs relative to entry price, and wide investment variance demand rigorous franchisee validation before commitment.

Score breakdown · what drove the 47 / 100 rating

  1. 01MEDNet Income not disclosed in Item 19 — cannot validate profit margins or ROI claims against $54,650–$311,500 investment range
  2. 02MEDSmall unit count (17 total) with modest growth (16.7% YoY = ~2.8 net new units) suggests limited brand momentum and potential saturation risk
  3. 03MINORHigh franchise fee ($50,000) relative to total investment floor ($54,650) leaves minimal working capital for marketing, labor, and equipment
  4. 04MINORBroad investment range ($54,650–$311,500, 470% spread) indicates inconsistent unit economics or geography-dependent costs not explained
  5. 05MINORMinimum monthly royalty ($1,000–$2,500) is substantial burden on smaller locations; at $1,000/month ($12,000/year) against $54,650 initial investment = 22% annual fixed cost pressure

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Geographic
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Arizona

Item 11

Training & Operations

Classroom training
50 hrs
On-the-job training
40 hrs
POS system
Classy CRM, Classy CAD, and Classy COS
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

11 numbers

Locked
(480) 967-••••
CHRLS, Enterprises, Inc.
AZ
(785) 871-••••
KS
(410) 576-••••
MD

One-time purchase · CSV download · Validation questions included

FDD download

Classy Closets · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above