Key Traits for a Successful Up Closets Franchise Owner
There typically isn’t a one-size-fits-all profile for a successful franchise owner in any industry. But when you look at who’s been successful in a custom closet system and who’s successful in the greater franchise industry, you’ll find that there are some specific groups that really do well as Up Closets franchise owners. In our experience, here’s some general characteristic and traits we look for in a franchise owner.
People Who Want to Have Fun!
We have fun running this business, and we want our Up Closets franchise owners to enjoy the work they do day in and day out, and have fun with it.
People That Fit Our Culture
We have a positive mindset and a culture of growth – we want positive people that also want to grow and scale their businesses.
People Who Are Passionate About Running a Business
This is not an absentee business. It’s not a mailbox money business. If you’re looking to just invest in a business and you want somebody else to run it, this might not be the best fit for you. But if you want to have a business that you own and operate, even if you’re the manager, but you’re involved on a day-to-day basis, being Up Closets franchise owners can be a really good business for you.
Owners That Have Start-up Capital
Starting a business does require capital. So even though we have SBA financing and your capital investment can be as low as $15,000, we are looking for owners that have the ability to fund the business through the beginning phase.
Owners That Take Accountability
Just because this is a franchise system, individual success is not guaranteed. We have all the tools and systems to help you get the number that you want but you have to decide to implement the tools and systems and put the work in to grow your business. We coach on business plans and setting realistic goals for our owners.
Owners That Want Professional Development
Owning a franchise like Up Closets is a good way to learn how to run a business because we accept entry level people all the way up to very experienced people. Wherever you are on the spectrum of business acumen, after several years with us, you could go on and run any other type of business if you succeed.
What Types of Business Owners Make Great Up Closets Franchise Owner?
While there are certain traits and backgrounds that we are looking for in an Up Closets franchise owner, we believe that a variety of individuals can succeed in this business. If you’re ready to take the leap into business ownership and bring your unique skills and drive to a growing market, don’t let this opportunity pass you by.
Whether you have experience in sales, operations, home improvement, or something entirely different, becoming an Up Closets franchise owner could be the perfect fit for you. Here’s who we are looking for:
Family Businesses
Up Closets itself is an intensely family-run business at the corporate level. We enjoy teaching people to own and run family businesses. We think it’s very important. If you have a husband, wife, or husband, wife, and kids getting out of college or kids that didn’t go to college, this can be a great way for you and your extended family to participate in a family business where you have some control over where you’re going with your business.
Young entrepreneurs
Some of our top performers in the system are under 25 years of age. If you got out of business school and you want to own a business or you just don’t want to work for someone else, this could be a fabulous business if you have drive, passion, energy and are willing to hustle.
Young owners may start their business and get their parents to co-sign for an SBA loan. We think that being in your 20’s is possibly the best time to start a business because you have more energy and gusto, and you can flex more when you are in your 20’s. Mistakes hurt less and you learn more from them. We really like creating opportunities for young entrepreneurs.
Service Industry Veterans
If you have run a more complicated service business, such as a lawn service, restoration business or something even more complex like a kitchen redesign business, a closet business is a very narrow niche business with a simple offering that’s easy to execute on. It typically requires little to no licensing depending on the state you are in, and it’s fairly easy to scale if you can learn how to do consultative sales.
It has a lean labor model so a lot of people who have run more complicated service businesses find our model easy to execute and grow quickly.
Corporate Refugees
We like people who are corporate refugees who are coming out of a corporate career and have always dreamed of owning a business. Again, we have good financing. If you dreamed of owning a business and never jumped on one, this is a particularly good business to look at.
Prospective Business Buyers
We like people who are looking to buy existing businesses. It’s very popular right now in American culture to buy existing businesses and get instant cash flow. But the truth is, there’s been a 300 or 400% increase in people looking at those businesses. There are very few real good ones around in most markets. Buying an Up Closets franchise business that has predictable systems and structure is a good way to get off the ground. So if you’re looking to buy an existing business, you should look at an Up Closets opportunity if one’s available in your market.
Closet Industry Connectors
If you already own a business in the home space like realtors, home stagers, home organizers, interior designers, and even home renovation or restoration people, adding an Up Closets to your existing line of work makes a lot of sense because you may be able to refer yourself business.
Find Out More About Becoming Up Closets Franchise Owners
We’re looking for people who share our values, are eager to work hard, and have a strong desire to run their own business. If you enjoy connecting with people, being part of a supportive network, and have a passion for growing a business in a thriving industry, Up Closets might be the perfect fit for you. Don’t miss out on the chance to build something meaningful—reach out today to learn more about how you can become part of the Up Closets franchise family!
