FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.
|Liquid Capital Required:||$119,950|
|Net Worth Required:||$200,000|
|Total Investment:||$156,930 - $297,295|
|Royalty Type:||$300 - $2000|
|Incorporated Name:||TAILORED LIVING, LLC|
|Home Office:||Irvine, California|
About Tailored Living
Tailored Living is the largest whole-home organization franchise in the US and Canada, and with a 95% customer satisfaction rating, franchisees can be certain they are investing in a brand with truly exceptional potential. Offering a range of home organization product lines such as Murphy Beds, entertainment centers, laundry room enclosures, pantries, entryways, garage storage solutions, and more, Tailored Living capitalizes on changes in lifestyle trends to promote growth under the brand for its franchise owners.
Values & History
Founded in 1999 in Irvine California, Tailored Living was developed in response to home organization systems being increasingly perceived as a necessity. With more and more families moving away from DIY approaches to home improvement, the need for professional solutions and applications has increased, and Tailored Living has built a successful business model around this need. Franchising since 2006, the company now operates nearly 200 locations across the nation from its home office in Irvine, CA.
The booming Home Organization industry reached more than $9.4 billion in total revenue for 2017, with an annual average growth of approximately 4.0% over the previous five-year period. Strong demand from the residential housing sector has supported growth in a variety of home solutions, along with rising per capita disposable income figures. Changing trends, such as the additional value placed on hobby centers, fitness rooms, Man Caves, etc. have led to an improved outlook for this section of the home renovation industry.
Purchasing a Tailored Living Franchise
Candidates interested in pursuing a Tailored Living franchise will need a minimum net worth of $200,000 and access to liquid funds of at least $116,430 to apply. The total initial investment amount ranges from between $156,430 and $296,295, with a variety of financing options available to those who qualify.
Ideal Candidate & Qualifications
Our ideal franchise owners are goal-oriented entrepreneurs who are looking for a better balance between work and life. The ability to manage and lead a team is critical for success in this industry, and prospective candidates should be legitimately interested in helping others to solve problems within their homes. Other essential qualities include management or sales experience, a keen eye for detail, interest or background in design, and strong social skills.
Training & Support
Tailored Living franchisees receive unparalleled support from our industry-leading experts in the home improvement industry. Round-trip economy class airfare and hotel accommodations are provided for our comprehensive initial training, which takes place over 11 days at our headquarters. A mix of in-class and hands-on instruction covers all aspects of business operation, including administration, office setup, local area marketing strategies, canvassing, products, and installation processes. Because things are always changing in this industry, ongoing support is essential and provided through a variety of utilities, web resources, networking events, and more.