How many company-owned locations does Closet Storage Concepts have in operation?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchises opened | 1 |
|---|---|
| Franchises | 0 |
| sold | |
| Franchises | 35 |
| in | |
| operation | |
| Company‐owned | 5 |
| locations | |
| Franchises | 0 |
| closed | |
| Franchises | 0 |
| reacquired | |
| from | |
| franchisees | |
| Franchises | 3 |
| transferred | |
| to | |
| new | |
| franchisees | |
| Franchises | 1 |
| ceased | |
| operations ‐ other | |
| reasons |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 59)
What This Means (2025 FDD)
According to Closet Storage Concepts' 2025 Franchise Disclosure Document, the company had 5 company-owned locations in operation. This information is based on the table provided in Item 21, which summarizes key franchise statistics. This number reflects the count of outlets directly operated by Closets Unlimited of New Jersey, Inc., the parent company of Closet Storage Concepts, as of the fiscal year-end.
The presence of company-owned locations alongside franchised units is a fairly common arrangement in the franchise industry. These company-owned stores can serve multiple purposes, such as acting as training centers for new franchisees, testing grounds for new products or marketing strategies, and providing a direct revenue stream to the franchisor. For a potential Closet Storage Concepts franchisee, the existence of these locations could be seen as a positive sign, indicating the franchisor's commitment to the brand and its willingness to invest in its own operations.
It's worth noting that the number of company-owned locations can fluctuate from year to year due to various factors, such as expansion plans, acquisitions, or closures. Therefore, it's advisable for prospective franchisees to inquire about the franchisor's long-term strategy regarding company-owned stores and how they might impact the franchise network. Understanding the role and performance of these company-owned locations can provide valuable insights into the overall health and direction of the Closet Storage Concepts franchise system.