1851

There&rsquo;s a shift taking place across the home improvement industry. Demand for the segment&rsquo;s services is at an all-time high&mdash;homeowners are more confident in the economy, which means that they&rsquo;re spending more on interior upgrades. And with sales in the home improvement industry expected to top the $9.4 billion mark by the end of the year, brands like <a href="http://closetandstorageconceptsfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=closet-storage-concepts-more-space-place-distances-itself-from-the-competition-as-demand-in-the-home-improvement-industry-reaches-an-all-time-high-2703965" target="_blank" rel="nofollow" target="_blank">Closet &amp; Storage Concepts</a>/More Space Place are capitalizing on this momentum.

Closet &amp; Storage Concepts/<a href="http://www.morespaceplace.com/franchising/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=closet-storage-concepts-more-space-place-distances-itself-from-the-competition-as-demand-in-the-home-improvement-industry-reaches-an-all-time-high-2703965" target="_blank" rel="nofollow" target="_blank">More Space Place</a> isn&rsquo;t the only home improvement concept noticing a change&mdash;even industry giants like The Home Depot are experiencing a significant sales boost. In August, the retail chain reported its <a href="http://fortune.com/2017/08/15/home-depot-results/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=closet-storage-concepts-more-space-place-distances-itself-from-the-competition-as-demand-in-the-home-improvement-industry-reaches-an-all-time-high-2703965" target="_blank" rel="nofollow" target="_blank">highest quarterly revenue ever</a>, with sales climbing by 6.6 percent. And it&rsquo;s clear that the brand is expecting the home improvement trend to continue&mdash;on the heels of its successful quarter, The Home Depot raised its outlook for fiscal 2017 for the second time this year.

According to Bob Lewis, president and CEO of <a href="https://closetandstorageconcepts.1851franchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=closet-storage-concepts-more-space-place-distances-itself-from-the-competition-as-demand-in-the-home-improvement-industry-reaches-an-all-time-high-2703965" target="_blank" rel="nofollow" target="_blank">Closet &amp; Storage Concepts</a>/More Space Place, this spike in demand isn&rsquo;t an accident. Rather, it&rsquo;s due to millennials&rsquo; spending activity.

&ldquo;While interest from baby boomers has been incredibly strong over the past few years, what we&rsquo;re now beginning to see is rising interest from millennials. The next generation of consumers is starting to invest in property, and they&rsquo;re willing to spend more money in order to make improvements to their homes,&rdquo; said Lewis. &ldquo;To tap into that climbing demand, we&rsquo;re focused on engaging potential millennial customers in the most efficient and effective ways. We&rsquo;re seeing a lot of activity through social media&mdash;especially Facebook&mdash;and we plan to continue enhancing our digital presence going forward.&rdquo;

To expand its reach beyond its existing locations, Closet &amp; Storage Concepts/More Space Place is actively looking to partner with new franchisees in markets primed for growth, including Miami, Florida and New York. But according to Lewis, bringing new franchisees on board isn&rsquo;t the only way in which Closet &amp; Storage Concepts is capitalizing on its strong momentum. The brand is also encouraging its existing franchisees to expand their offerings.

&ldquo;The acquisition of the More Space Place brand provides Closet &amp; Storage Concepts franchisees with a great competitive advantage that can&rsquo;t be found anywhere else. That&rsquo;s why we&rsquo;re encouraging our existing local owners to make the most of it by expanding their offerings to include space-saving home furnishings such as Murphy beds,&rdquo; said Lewis. &ldquo;Murphy beds are making a major comeback in homes across the country. There&rsquo;s a climbing level of urbanization taking place with millennials, which means that they&rsquo;re looking for ways to improve their small living spaces. By exploring the potential that Murphy beds have to offer, our franchisees will be able to further engage that core customer base.&rdquo;

Originally founded in 1987, Closet &amp; Storage Concepts has a long history of raising the bar in the home improvement and home organization industries. And through its evolution as a unique brand and the acquisition of More Space Place, Closet &amp; Storage Concepts has always stayed ahead of the curve. That&rsquo;s why the brand now boasts 40 locations across the country, with plans to continue expanding in key target development markets. And as the industry continues to see more activity across multiple generations, Closet &amp; Storage Concepts/More Space Place is positioned for rapid growth alongside local franchise owners.&nbsp;

&ldquo;While there&rsquo;s always a consistent level of demand in the home improvement industry, there&rsquo;s no doubt that it&rsquo;s exciting to be a part of the segment at a time like this when demand is rapidly climbing,&rdquo; Lewis said. &ldquo;As we head into the next few months and 2018, we&rsquo;re looking forward to helping our franchisees build on this trend to boost their sales and improve their overall operations. By providing top tier support, we&rsquo;re confident that the home improvement industry&rsquo;s rising popularity will lead to positive results across the entire Closet &amp; Storage Concepts/More Space Place system.&rdquo;

Closet & Storage Concepts / More Space Place Distances Itself from the Competition as Demand in the Home Improvement Industry Reaches an All-Time High

1851 Franchise

The leading home organization brand is poised to capitalize on growing industry momentum by partnering with franchisees in key development markets.

This brand page has been paid for by 1851. Content within this page that is paid will showcase a Sponsored icon. This means the brand has engaged 1851 FRANCHISE to write the content. Content without the Sponsored Icon is aggregated media placements the brand earned. Questions can be sent to editorial@1851franchise.com

closet-storage-concepts-more-space-place-distances-itself-from-the-competition-as-demand-in-the-home-improvement-industry-reaches-an-all-time-high

HomeTeam Inspection Service

Photo of HomeTeam inspector in red polo and khaki pants, walking by branded vehicle

Real Estate Today: Behind the Drywall: The Truth About Home Inspections

purpose-of-home-inspection

Dog Training Elite

Dog Training Elite Franchise - DTE - National Service Dog Month - 1851 Franchise

Celebrating Service Dogs: Why Proper Training Changes Lives — And How Dog Training Elite Is Leading the Way

dog-training-elite-national-service-dog-month

Senior Care Authority

How This Senior Care Authority Franchisee Turned Love for His Grandparents Into a Lifelong Calling

how-this-senior-care-authority-franchisee-turned-love-for-his-grandparents-into-a-lifelong-calling

Hometown News: Like Father, Like Son — Family-Run Inspection Business Blends Generations of Expertise and a Keen Eye for Detail

father-son-home-inspection-franchise-florida

KLA Schools

KLA Schools of Beachwalk Hosts Admissions Kick-Off Celebration

kla-schools-of-beachwalk-hosts-admissions-kick-off-celebration

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Potbelly to be Acquired by RaceTrac in $566 Million Deal 

racetrac-acquires-potbelly-in-566-million-deal

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities - 1851 Franchise Agg

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities 

health-care-hiring-slowdown-in-home-care-franchise-opportunities

Caribou Coffee Names Scott Kennedy CEO, Eyes Continued Growth

caribou-coffee-names-scott-kennedy-ceo-eyes-continued-growth

McDonald’s Launches New Extra Value Meals as Consumer Demand for Value Continues to Climb

mcdonalds-launches-extra-value-meals

Power Eats: Smoothie King Rolls Out Food Nationwide To Fuel Franchise Growth

smoothie-king-food-menu-power-eats

1851 Franchise Deep Dive graphic with Sparkle Squad logo

Sparkle Squad Franchise Costs, Fees, Profit and Data for 2025

franchise-deep-dive-sparkle-squad-franchise-costs-fees-profit-and-data

graphic image of a financial deep dive of americas swimming pools co.

America’s Swimming Pool Company Franchise Costs, Fees, Profit and Data for 2025

americas-swimming-pool-asp-franchise-deep-dive

image of The Cleaning Authority Franchise Deep Dive Article financial investment details

The Cleaning Authority Franchise Costs, Fees, Profit and Data for 2025

the-cleaning-authority-franchise-deep-dive

Jollibee -Launch-Story-Brand-Page-Deep-Dive-2025

Jollibee Franchise Costs, Fees, Profit and Data for 2025

jollibee-franchise-costs-fees-profit-and-data-for-2025

Hely and Hiral Patel Bring Their Longtime Dream to Life With The Brass Tap

brass-tap-franchise-pasadena-maryland-hely-hiral-patel

1851 Keyword - The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

part-time-franchises-picking-the-right-model

DevHub - Meet the Supplier - 1851 Franchise

DevHub: Scalable Digital Marketing for Franchises and Multi-Location Brands

devhub-meet-the-supplier

Franchisee spotlight graphic with photo of Ricki Oberoi and Layne's Chicken Fingers logo

Multi-Unit Wendy’s Operator Signs 12-Unit Deal With Layne’s Chicken Fingers

ricki-oberoi-laynes-chicken-fingers-growth

Design with school-aged child standing on pencil with text "Education Franchises" and "<$500K"

Closet & Storage Concepts / More Space Place Distances Itself from the Competition as Demand in the Home Improvement Industry Reaches an All-Time High

MORE STORIES LIKE THIS