How many company-owned locations for Closet Storage Concepts are in operation?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchises opened | 0 |
|---|---|
| Franchises | 0 |
| sold | |
| Franchises | 34 |
| in | |
| operation | |
| Company‐owned | 5 |
| locations | |
| Franchises | 0 |
| closed | |
| Franchises | 0 |
| reacquired | |
| from | |
| franchisees | |
| Franchises | 0 |
| transferred | |
| to | |
| new | |
| franchisees | |
| Franchises | 0 |
| ceased | |
| operations ‐ other | |
| reasons |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 59)
What This Means (2025 FDD)
According to Closet Storage Concepts's 2025 Franchise Disclosure Document, the company operates 5 company-owned locations. This indicates that Closet Storage Concepts has corporate-owned stores in addition to its franchised locations.
For a potential franchisee, this is an important detail. It shows that Closet Storage Concepts has experience operating its own business locations and isn't solely reliant on franchise fees and royalties. This can be seen as a positive sign, as the franchisor has "skin in the game" and direct insight into the challenges and opportunities of running a Closet Storage Concepts business.
It is also worth noting that the company-owned locations service New Jersey, Pennsylvania, Delaware, and Maryland, as stated in Note 1 of the FDD. A prospective franchisee may want to inquire about the performance of these company-owned locations and how they compare to franchised locations. Understanding the operational strategies and financial results of these locations could provide valuable insights for a new franchisee.