How many company-owned Closet Storage Concepts outlets were operating at the end of 2023?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
| OOuutltelet t TTyyppee | YYeeaar r | OOuutlteletsts aatt tthhee | OOuutlteletsts aatt tthhee EEnndd | NNeet t CChhaanngge e |
|---|---|---|---|---|
| SSttaartr t ooff tthhee YYeeara r | ooff tthhee YYeeaar r | |||
| FFRRAANNCCHHISISEEDD | 22002222 | 99 | 88 | --11 |
| 22002233 | 88 | 88 | 00 | |
| 22002244 | 88 | 77 | --11 | |
| COMPANY- | 22002222 | 33 | 44 | ++11 |
| COMPANY- | ||||
| OWNED | ||||
| OWNED | ||||
| 22002233 | 44 | 44 | 00 | |
| 22002244 | 44 | 44 | 00 | |
| TOTAL | 22002222 | 1122 | 1122 | 00 |
| TOTAL | ||||
| OUTLETS | ||||
| OUTLETS | ||||
| 22002233 | 1122 | 1122 | 00 | |
| 22002244 | 1122 | 1111 | --11 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 55–59)
What This Means (2025 FDD)
According to Closet Storage Concepts' 2025 Franchise Disclosure Document, there were 4 company-owned outlets operating at the end of 2023. This number is consistent with the number of company-owned outlets at the start of 2023, indicating that no new company-owned outlets were opened and none were closed during that year.
This information is relevant for prospective franchisees as it provides insight into the operational structure of Closet Storage Concepts. The fact that the number of company-owned stores remained constant in 2023 could suggest a stable approach to corporate store management.
Reviewing the performance of these company-owned stores, if that information was available, could offer valuable benchmarks for franchisees to compare their own potential performance against. It is important to note that the FDD also includes data on franchised outlets, which shows a different dynamic with openings, closures, and transfers, offering a broader view of the entire Closet Storage Concepts system.