About Tailored Living Franchise
Tailored Living is a home organization and storage solutions franchise offering custom closets, garage systems, and whole home organization products.
The brand operates under Home Franchise Concepts, LLC and has been franchising since 2006.
Each franchise territory serves homeowners looking to maximize their living space through professionally designed and installed storage systems.
Tailored Living Franchise Cost & Fees
Minimum Investment
$185K
Average Investment
$242K
Maximum Investment
$299K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $19,950 | One-time payment upon signing |
| Royalty Fee | Tiered monthly payment from $300 to $2,000 of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Greater of 1% of Gross Revenue or $500 per month | National brand fund |
| Total Investment Range | $185,220 – $298,675 | Includes build-out, inventory, working capital |
The investment range of $185K–$299K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (Tiered monthly payment from $300 to $2,000) and marketing fee (Greater of 1% of Gross Revenue or $500 per month) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $19,950 | $19,950 |
| Initial Territory Fee | $55,000 | $55,000 |
| Travel and Living Expenses While Training | $1,000 | $1,500 |
| Office/Warehouse (Deposit and 3 months rent) | $3,000 | $9,500 |
| Vehicle | $10,000 | $55,000 |
| Trailer | $0 | $10,000 |
| Forklift | $1,990 | $16,425 |
| Computer Equipment | $1,500 | $2,500 |
| Credit Card Processing Technology | $30 | $500 |
| Auto Insurance | $500 | $2,400 |
| Commercial General Liability Insurance | $500 | $2,400 |
| Contractor's License and Bond | $0 | $1,500 |
| Professional Fees | $750 | $1,500 |
| Initial Marketing | $10,000 | $15,000 |
| Initial Inventory | $10,000 | $12,000 |
| Additional Tools and Supplies | $16,000 | $28,500 |
| Additional Funds - Before Opening and First 3 Months | $55,000 | $65,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | If selling to a new franchisee: $19,950 initial franchise fee with first territory plus $5,000 transfer fee for each additional territory. If selling to an existing franchisee: $5,000 transfer fee per territory. |
| Renewal Fee | $5,000 |
| Technology Fee | Currently $300 per month, may be adjusted |
| Audit Fee | Cost of inspection or audit (if audit required due to failure to report or records insufficient, or understatement by 5% or more) |
| Training for Additional Personnel | Up to $150 per day plus travel, accommodation and meals |
| Additional Territory Fee | An amount equal to the then-current initial Territory Fee |
| Key Account Referral Fees | Negotiated individually |
| Encroachment Payment | 100% of your gross sales in another franchisee's territory |
| Transfer Lead Referral Fee | Currently $15,000 plus any broker fees paid to a third party |
| Insufficient or Late Payment Fee | $300 |
| Convention Fee | Currently $720 (will vary, not exceed $1,500 annually) plus travel, accommodation and meals |
| Optional Meetings and Trainings | Generally $100 to $1,500 plus travel, accommodation and meals |
| Additional Training Requested by You | Currently $500 per day, plus travel and expenses |
| Insurance | Reimburse our costs |
| Costs and Attorneys’ Fees | Varies |
| Indemnification | Varies |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 10 days of in-person Academy training, plus pre- and post-Academy virtual/online training, totaling 88.5 hours. |
| Classroom Training | 88.5 |
| On-the-Job Training | 0 |
| Training Location | HFC Experience Center in Coppell, Texas, and Virtual or Pre-Recorded |
| Additional Training | The franchisor may require franchisees or designated personnel to attend additional training courses, seminars, conferences, or other programs at no charge, but franchisees must cover their own travel, hotel, and meal expenses. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected |
| Exclusive Territory | No |
| Territory Size | Approximately 100,000 households |
| Description | Defined by U.S. Postal Service ZIP Codes in the franchise agreement. Boundaries are subject to adjustment by the Postal Service, and population changes do not alter the territory. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | 2 consecutive 5-year terms |
| Renewal Fee | $5,000 |
| Renewal Conditions | Pay renewal fee, sign the then-current franchise agreement, not be in default, and make necessary upgrades to the franchised business. The new agreement may have materially different terms. |
| Transfer Fee | If selling to a new franchisee: $19,950 initial franchise fee plus $5,000 transfer fee for each additional territory. If selling to an existing franchisee: $5,000 transfer fee per territory. |
| Transfer Conditions | New franchisee must qualify, pay transfer fee, have purchase agreement approved, complete training, sign a release, pay all money due, and sign a current agreement. |
| Termination for Cause | Termination can occur for material default or specific conditions without opportunity to cure (e.g., bankruptcy, abandonment, material misrepresentation, felony conviction, failure to pay fees within 5 days of notice, misappropriation of customer deposits, purchasing over 10% from unapproved vendors, repeated audit understatement of Gross Revenues by 5% or more). For other breaches, a 30-day cure period is typically provided. |
| Non-Compete Period | 2 years |
| Non-Compete Details | During the franchise term, the franchisee cannot directly or indirectly engage in a competing business anywhere the franchisor has used or sought to register its marks. After termination or expiration, the franchisee cannot engage in a competing business for 2 years within the former territory or within 25 miles of any other TAILORED LIVING® territory, subject to state law. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | No |
| Participation Details | The franchisor prefers active participation but does not strictly require the franchisee to be an owner-operator. If the franchisee does not operate the business personally, they must employ at least one full-time manager who completes initial training and devotes full-time attention to the business. All individuals with direct or indirect control or beneficial interest in the company must sign a Personal Covenant and Guarantee, including spouses. |
| Required Suppliers | Franchisee must purchase components for organizing units and storage and organizing accessories for closets, pantries, home offices, storerooms, utility rooms, basements, laundry rooms, attics and garages and other spaces and all components of these units and accessories (“Products”) only from the franchisor, its affiliates or approved suppliers. Materials containing the TAILORED LIVING® and PREMIERGARAGE® marks must also be obtained from the franchisor or approved suppliers. |
| Supply Restrictions | Approximately 90% of initial purchases and leases and 30% to 50% of total operating purchases and leases will be subject to restrictions. |
| Franchisor Revenue from Suppliers | In 2021, the franchisor received $5,222 (0.08% of total revenue) from advertising and promotional materials. The franchisor also received $1,891,964 (29.7% of total revenue) in allowances from suppliers, generally between 3% and 7% of the purchase price of products. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | The franchisor offers financing for the Initial Franchise Fee and part of the Territory Fee, totaling $44,000. No down payment is required. The loan term is 60 months at a 9% interest rate, with monthly payments of $913.37. There is no prepay penalty. Default can result in loss of franchise, unpaid balance, attorney fees, and costs, with a waiver of notice. The franchisor does not receive payments for placement of financing and does not guarantee notes, leases, or obligations. |
Tailored Living Franchise Earnings — Item 19
Average Revenue
$697K
Median Revenue
$433K
Revenue Range
$133K – $2.5M
Sample Size
40 units
Past financial performance does not guarantee future results. Individual results will vary.
Tailored Living Litigation & Risk Flags
Clean Litigation RecordTailored Living has no pending litigation actions listed in their FDD.
Bankruptcy History DisclosedA bankruptcy disclosure is present in this FDD.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Tailored Living System Growth
Total Units
164
Franchised
164
Company-Owned
0
Tailored Living currently operates 164 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 16 | 20 | 156 |
| 2020 | 10 | 11 | 155 |
| 2021 | 15 | 6 | 164 |
Transfers: 0 | Closures: 6
State Registrations
Registered in 14 states: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, Wisconsin
Franchisor Financials (Item 21)
Revenue
$6.4M
Net Income
$175K
Total Assets
$10.3M
Audited by BDO USA, LLP for year ending December 31.
Tailored Living Franchise — FAQ
The total investment to open a Tailored Living franchise ranges from $185,220 to $298,675, per their Franchise Disclosure Document. This includes the initial franchise fee of $19,950. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Tailored Living charges a royalty fee of Tiered monthly payment from $300 to $2,000 of gross sales, plus a Greater of 1% of Gross Revenue or $500 per month contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Tailored Living Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Tailored Living to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Tailored Living franchise owners report average revenue of $697K and median revenue of $433K. This is based on a sample of 40 units. Past performance does not guarantee future results.
Tailored Living has been franchising since 2006. The FDD shows an investment range of $185,220-$298,675, a Tiered monthly payment from $300 to $2,000 royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $19,950 and the total investment ranges from $185,220 to $298,675 depending on location size and market. A minimum of $55,000 in liquid capital is required. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Tailored Living and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Tailored Living or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com