FranchiseVerdict
THE TAILORED CLOSET® logo
FV-02715·MODERATEExcellent95

The Tailored Closet®

Formerly known as Organized Spaces

Business Services - Printing & SignsFranchising since 2006Website
Investment
$177K – $271K
47th pct Printing & Si…
Avg revenue
$507K
10th pct Printing & Si…
Royalty
Units
136
80th pct Printing & Si…
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $177K – $271K including a $20K franchise fee.
  • Average unit revenue of $507K/year (median $322K).
  • Rated MODERATE with a risk score of 60/100. SBA loan default rate of 0.0% across 1 loans (below the industry average).
  • System contracting at -16.0% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).

Item 1 · who you're contracting with

The Franchisor

Legal entity
Organized Spaces, LLC
Parent company
Home Franchise Concepts LLC
Incorporated in
California
HQ
19000 MacArthur Boulevard, Suite 100, Irvine, California 92612
Auditor
PricewaterhouseCoopers LLP
Audited financials
Franchisor revenue
$142.7M
vs $143.3M 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 THE TAILORED CLOSET® unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $506,934
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: $177K–$271K
Working capital
$
FDD reports $31K–$46K

Unlevered ROIC · per unit

15%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$41K
EBITDA margin
8.0%
Total invested
$262K
Payback
78 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.

Levered LBO scenario · Yale Crease Capital framing

What would 25 THE TAILORED CLOSET® units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$101K

on $507K purchase

Total debt

$406K

SBA $0.3M + senior + seller note

Overview

About

Tailored Closet franchisees design, manufacture, and install custom closet organization systems for residential clients. Day-to-day operations include client consultations, measuring spaces, creating designs, managing installations, and handling customer service in a defined geographic territory.

CEO
Jarrett Smith
Founded
2006
FDD year
2026
States available
31

Item 7 · what it costs

The Vitals

Total investment
$177K – $271K
All-in to open one unit
Liquid capital
$31K – $46K
Cash you must have on hand
Franchise fee
$20K
Royalty
greater of 5% of Gross Revenue or $500/mo (yr 1) / $1,000…
Ad fund
1.0%
typical 3–5%
Total fee load
6.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$507K
Per unit, per year
Median gross sales
$322K
Item 19 type
Subset of franchised outlets
Sample size
40 units
vs category median 42
Range (low → high)
$15K$2.3M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank10th
vs Business Services - Printing & Signs peers
Investment cost rank47th
Lower investment ranks lower (better)
Royalty rate rank57th
Lower royalty = lower percentile (better)
Unit count rank80th
vs Business Services - Printing & Signs peers
Risk score rank57th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
136
Opened
2
Last reporting year
Closed
10
Turnover rate
7.4%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
-5.6%
Net unit change last year
3-yr CAGR
-16.0%
Compounded over last 3 years
2024
136-8
Franchised units
2025
144
Franchised units
2026
162
Franchised units

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

Item 20 · 21 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 · 21 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
1
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

60
Risk · 0-100
MODERATE60 / 100

Declining franchise system with undisclosed net profitability, regulatory history, and royalty floors that may be unsustainable for underperforming locations.

Score breakdown · what drove the 60 / 100 rating

  1. 01MEDUnit count declined 5.6% YoY (136 units), indicating system contraction and potential market saturation
  2. 02MEDNet income not disclosed in Item 19 — unable to assess actual profitability despite $506,934 average revenue
  3. 03MINORParent company (Aussie Pet Mobile) had 2006 Maryland Securities Division Consent Order for franchise disclosure violations — raises compliance culture concerns
  4. 04MINORRoyalty structure floor of $500/mo (yr 1) and $1,000/mo (thereafter) represents 11.8%-23.6% of monthly revenue for lower-performing franchises
  5. 05MINORHigh franchise fee ($19,950) relative to 10-year term and declining unit base suggests franchisor dependent on recruitment rather than franchisee success
  6. 06MINORNo Item 19 financial performance disclosure prevents validation of average revenue claims and benchmarking against actual franchisee results

Severity inferred from the FDD text · not a regulatory classification

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

Contract & Territory Detail

Territory
Zip Codes
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
1
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
Optional
Governing law
California

Item 11

Training & Operations

Classroom training
80 hrs
On-the-job training
0 hrs
POS system
ProfitKeeper and D'Vinci
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

51 numbers

Locked
(919) 808-••••
NC
(443) 334-••••
MD
(914) 359-••••
CT

One-time purchase · CSV download · Validation questions included

FDD download

THE TAILORED CLOSET® · FDD (2026) PDF

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