Averan The Tailored Closet Opening Package Offer
Averan Advisors gets the books and financial systems for a new location of The Tailored Closet ready before opening day, so your first month closes on time. The setup follows The Tailored Closet’s 2026 FDD and your franchise agreement.
The Tailored Closet opening package
The Tailored Closet’s 2026 FDD puts the cost to open one location at $177,130 to $270,650, so getting the finances right from the start matters.
Averan helps The Tailored Closet franchisees get their books and financial systems ready before opening, with a dedicated home improvement specialist.
- QuickBooks set up for The Tailored Closet’s reporting requirements.
- Build-out spending tracked against The Tailored Closet’s Item 7.
- Loan draw packages prepared for your lender.
- Point of sale, payroll and other systems connected and tested before opening.
Do you have 30 minutes this week? Book a 30-minute call.
Already open with another bookkeeper? See The Tailored Closet conversion package.
What The Tailored Closet opening package includes
QuickBooks file
We build a QuickBooks file for your location of The Tailored Closet and connect every bank account and card to it.
Reporting format
We set up the chart of accounts so the books produce the monthly report The Tailored Closet asks its owners for.
Analytics package
Each month we compare your results with the figures in The Tailored Closet’s 2026 FDD.
Budget tracker
We turn The Tailored Closet’s Item 7 estimate into your opening budget and record every opening cost against its line.
Loan draw packages
We prepare a file for each loan draw your lender asks for, including SBA loan draws.
Systems connected
We connect the point-of-sale system The Tailored Closet requires, its job scheduling and invoicing system and your payroll to the books.
Tested before opening
Before your location of The Tailored Closet opens, we run one test day of sales and one test payroll through the books.
Handoff to monthly
The Tailored Closet royalty, brand fund and report due dates for your location go on one calendar for the monthly close.
Timeline
- 1Kickoff5 business days
We hold a kickoff call and send the list of documents we need.
- 2Setup10 business days
We build the QuickBooks file and connect your accounts.
- 3Build-outEach month
We tag every payment to a line of The Tailored Closet’s Item 7 and prepare each loan draw.
- 4Systems45 days before opening
We test the point of sale, the other systems and payroll.
- 5Opening dayYour opening date
We match each day of sales to the deposits that follow it.
The Tailored Closet figures from the FDD
The Tailored Closet’s 40 single-territory franchisees open all of 2025 averaged $506,934 of sales, with a median of $322,264, according to Item 19 of The Tailored Closet’s 2026 FDD, issued 20 March 2026. The Tailored Closet’s Item 19 covers 66 franchisees holding 136 territories, all but one of The Tailored Closet’s territories open for all of 2025. Fees paid to The Tailored Closet come to about 6.59%* of sales.
The Tailored Closet’s 2026 FDD estimates in Item 7 that opening one location of The Tailored Closet costs $177,130 to $270,650, including the $19,950 initial franchise fee.
2 The Tailored Closet locations opened in the last year that Item 20 of The Tailored Closet’s 2026 FDD reports.
At the end of the last year that Item 20 reports, The Tailored Closet had 1 franchise agreement signed for a location not yet open.
Send us to start
- Your signed franchise agreement with The Tailored Closet.
- The Tailored Closet’s current FDD.
- The Tailored Closet monthly report format and the software it uses.
- Your entity documents and EIN letter.
- Your lease, contractor bid and loan agreements.
Access we need
- Your payroll processor.
- The point-of-sale system The Tailored Closet requires.
- The job scheduling and invoicing system.
- The Tailored Closet reporting portal.
- Your invoice and expense software.
- View access to your bank accounts and credit cards, with no power to move money.
- How you want inventory tracked.
Questions from The Tailored Closet owners
Does Averan Advisors work with The Tailored Closet owners?
Averan Advisors sets up and keeps the books for The Tailored Closet owners, and the Averan franchise library has a breakdown of The Tailored Closet’s 2026 FDD with its fees, cost to open and Item 19 figures.
How does The Tailored Closet royalty show up in the books?
The Tailored Closet royalty is 5% of sales, according to The Tailored Closet’s 2026 FDD. We record it on its own line, so each month’s charge can be checked against your sales.
What does it cost to open a location of The Tailored Closet?
The Tailored Closet’s 2026 FDD estimates in Item 7 that opening one location of The Tailored Closet costs $177,130 to $270,650. We turn those Item 7 lines into your opening budget and track each payment against them.
What happens after my location of The Tailored Closet opens?
The books for your location of The Tailored Closet move to the Monthly Close, which closes each month and sends a profit and loss, a balance sheet and the royalty reconciliation. The QuickBooks file stays yours.
* Averan Advisors calculation from the figures in The Tailored Closet’s 2026 FDD.
Where to next
Talk to us about opening your location of The Tailored Closet
Send the short form for The Tailored Closet opening package, or book a 30-minute call about your location of The Tailored Closet and your opening date.
Get the offer → Book a 30-minute call