More Space Place franchise
A retailer and installer of Murphy beds, closet systems and space-saving home furnishings. At the end of 2025 there were 27 More Space Place locations in the US, 26 franchised and 1 company-owned.
- Cost to open
- $164K–$253K
- Franchise fee
- $59,500
- Royalty
- 5% of gross revenue
- Locations, 2025
- 270 in 3 yrs
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Company snapshot
- SBA loans
- On the SBA Franchise Directory
From Closets Unlimited of New Jersey, Inc’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
How much a More Space Place franchise costs
Opening one More Space Place costs an estimated $164,200 to $253,400. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Closets Unlimited of New Jersey, Inc, 2026 filing, page 18
More Space Place franchise fee
The franchise fee is $59,500. You pay it when you sign the franchise agreement.
Source: Closets Unlimited of New Jersey, Inc, 2026 filing, page 11
Royalty and ongoing fees
| Royalty | 5% of gross revenue. |
|---|
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Closets Unlimited of New Jersey, Inc, 2026 filing, page 13
Sales and earnings
Shares figures More Space Place publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: Closets Unlimited of New Jersey, Inc, 2026 filing, page 48
Locations opened and closed
| Year | Franchised | Company-owned | Closed |
|---|---|---|---|
| 2023 | 26 (0) | 1 | 0 |
| 2024 | 27 (+1) | 1 | 0 |
| 2025 | 26 (−1) | 1 | 1 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
Source: Closets Unlimited of New Jersey, Inc, 2026 filing, page 55
How More Space Place compares
Of the 65 retail franchises on this site, More Space Place is the 18th cheapest to open and the 57th largest by number of locations.
| Measure | More Space Place | Typical retail |
|---|---|---|
| Cost to open, low end | $164K | $224K |
| Royalty | 5% | 5% |
| Closed or left per year | 1.2% | 4.7% |
| Change in franchised locations, 3 yrs | 0% | +4.8% |
| Shares earnings figures | Yes | 56 of 65 |
Typical is the median across the 65 brands in retail franchises.
