Where can I find the Schedule of Revenues within the financial statements for Closet Storage Concepts?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
CLOSETS UNLIMITED OF NEW JERSEY, INC. SCHEDULE OF COST OF SALES YEAR ENDED DECEMBER 31, 2023
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 59)
What This Means (2025 FDD)
According to Closet Storage Concepts' 2025 Franchise Disclosure Document, a schedule of revenues is not explicitly provided. However, there is a "SCHEDULE OF COST OF SALES" included within Item 21, Financial Statements. This schedule specifically relates to the costs associated with the sales of Closet Storage Concepts products.
While the FDD includes a schedule detailing the cost of sales, it does not contain a schedule of revenues. The independent auditor's report mentions that the financial statements include statements of operations, which would contain revenue information, but not in a detailed schedule format.
A prospective franchisee should request a detailed schedule of revenues from Closet Storage Concepts to gain a clearer understanding of the company's revenue streams. This would provide valuable insight into the sources and amounts of revenue generated by the company and its franchisees.