Averan Up Closets Opening Package Offer
Averan Advisors gets the books and financial systems for a new Up Closets location ready before opening day, so your first month closes on time. The setup follows Up Closets’ 2026 FDD and your franchise agreement.
The Up Closets opening package
Up Closets’ 2026 FDD puts the cost to open one location at $95,350 to $150,550, so getting the finances right from the start matters.
Averan helps Up Closets franchisees get their books and financial systems ready before opening, with a dedicated home improvement specialist.
- QuickBooks set up for Up Closets’ reporting requirements.
- Build-out spending tracked against Up Closets’ 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 Up Closets conversion package.
What the Up Closets opening package includes
QuickBooks file
We build a QuickBooks file for your Up Closets location 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 Up Closets asks its owners for.
Analytics package
Each month we compare your results with the figures in Up Closets’ 2026 FDD.
Budget tracker
We turn Up Closets’ 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 Up Closets requires, its job scheduling and invoicing system and your payroll to the books.
Tested before opening
Before your Up Closets location opens, we run one test day of sales and one test payroll through the books.
Handoff to monthly
Your Up Closets royalty, brand fund and report due dates 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 Up Closets’ 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.
Up Closets figures from the FDD
Item 19 of Up Closets’ 2026 FDD, issued 18 March 2026, reports a median of $668,778 in annual sales for 20 Up Closets franchised locations over the 12 months to October 31, 2025, and Up Closets does not print an overall average. The 20 in that group are 26%* of Up Closets’ 76 franchised locations.
Up Closets’ 2026 FDD estimates in Item 7 that opening one Up Closets location costs $95,350 to $150,550, including the $49,000 initial franchise fee.
At the end of the last year that Item 20 reports, Up Closets had 12 franchise agreements signed for locations not yet open.
Send us to start
- Your signed Up Closets franchise agreement.
- Up Closets’ current FDD.
- The Up Closets 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 Up Closets requires.
- The job scheduling and invoicing system.
- The Up Closets 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 Up Closets owners
Does Averan Advisors work with Up Closets owners?
Averan Advisors sets up and keeps the books for Up Closets owners, and the Averan franchise library has a breakdown of Up Closets’ 2026 FDD with its fees, cost to open and Item 19 figures.
How does the Up Closets royalty show up in the books?
The Up Closets royalty is 6% of sales, according to Up Closets’ 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 an Up Closets franchise?
Up Closets’ 2026 FDD estimates in Item 7 that opening one Up Closets location costs $95,350 to $150,550. We turn those Item 7 lines into your opening budget and track each payment against them.
What happens after my Up Closets location opens?
Your Up Closets books 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 Up Closets’ 2026 FDD.
Where to next
Talk to us about your Up Closets opening
Send the short form for the Up Closets opening package, or book a 30-minute call about your Up Closets location and your opening date.
Get the offer → Book a 30-minute call