What is the fiscal year end for Closet Storage Concepts?

According to Closet Storage Concepts' 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31st. This is significant for prospective franchisees because the financial statements provided in the FDD are audited for the fiscal years ending December 31, 2024, December 31, 2023, and December 31, 2022.

Understanding the fiscal year-end is crucial for analyzing Closet Storage Concepts' financial performance. Franchisees can use this information to compare year-over-year financial data and assess the company's overall financial health. The financial statements attached as Exhibit "E" provide a detailed look at the company's revenues, expenses, assets, and liabilities for these specific periods.

Knowing the fiscal year-end also helps franchisees align their own financial planning and reporting with that of Closet Storage Concepts. This alignment can be beneficial for budgeting, forecasting, and understanding the franchisor's financial cycles. It's a standard practice for franchisors to disclose their fiscal year-end in the FDD to ensure transparency and provide franchisees with the necessary information for financial analysis.