According to Closet Storage Concepts' 2025 Franchise Disclosure Document, the audited financial statements for the fiscal years ending December 31, 2024, December 31, 2023, and December 31, 2022, are attached as Exhibit E. This exhibit provides a detailed look into the company's financial performance over the past three years.

For a potential Closet Storage Concepts franchisee, reviewing these audited financial statements is crucial. It allows them to assess the financial stability and performance of the franchisor. Understanding the franchisor's financial health can provide insights into their ability to support franchisees and invest in the brand's future growth.

Specifically, Exhibit E will include key financial statements such as the balance sheets, income statements, statements of cash flow, and accompanying notes. These statements offer a comprehensive view of Closet Storage Concepts' assets, liabilities, revenues, expenses, and cash flow activities. The independent auditor's report, also included, provides an opinion on the fairness of these financial statements.

Prospective franchisees should carefully analyze these statements and consult with a financial advisor to fully understand the implications. This due diligence will help them make an informed decision about investing in a Closet Storage Concepts franchise.