Tailored Living FDD Summary
Type of Business
The franchised business is the mobile retail design, sale and installation of organizing units and storage and organizing accessories for closets, pantries, home offices, storerooms, utility rooms, basements, laundry rooms, attics and garages.
Corporate Information
Tailored Living, LLC, was incorporated in California on January 24, 2006, under the name “Closet Tailors, Inc.” On May 18, 2006, they converted to a California limited liability company named “Closet Tailors, LLC.” On May 5, 2010, they changed their name to Tailored Living, LLC. They have been offering franchises since 2006. Their affiliate, Budget Blinds, Inc., a franchisor of window covering businesses, is a California corporation that was organized on October 5, 1992 and converted to a California limited liability company on November 24, 2015. It began offering franchises in March 1994. Tailored Living, LLC’s principal business address is 1927 North Glassell Street, Orange, California 92865. Their parent company is Home Franchise Concepts, LLC. Prior to November 30, 2015, HFC was a corporation, and its entity name was Home Franchise Concepts, Inc. As of November 30, 2015, Trilantic Capital Management L.P. acquired a majority stake in HFC, and as part of that transaction, HFC converted to a limited liability company. Trilantic Capital Management L.P.’s principal business address is 375 Park Avenue, 30th Floor, New York, New York 10152.
Investment
The total investment necessary to begin operation of a TAILORED LIVING® franchised business ranges from $156,930 to $297,295. This includes $74,950 to $109,950 that must be paid to the franchisor.