A folding bed chest system includes a cabinet having a front panel assembly movable from a closed position to an opened position, wherein when in the open position the front panel assembly is supportive of a mattress located thereon. A drawer assembly is freely movable into and out of a drawer opening located below the front panel assembly. The drawer assembly is configured such that the front panel assembly is movable from the closed position to the opened position when the drawer assembly is located fully in the drawer opening.