table_specific

How many company-owned Closet Storage Concepts outlets were operating at the start of 2022?

Closet_Storage_Concepts Franchise · 2025 FDD

Answer 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 3 company-owned outlets at the start of 2022. The FDD provides a breakdown of both franchised and company-owned outlets, as well as a summary of systemwide outlets. This information is useful for prospective franchisees to understand the composition of the Closet Storage Concepts system.

The data shows that Closet Storage Concepts had a total of 12 outlets at the start of 2022, with 9 being franchised and 3 being company-owned. By the end of 2022, the number of company-owned outlets increased by 1, while franchised outlets decreased by 1. This indicates a slight shift in the company's operational strategy during that year.

Reviewing the number of company-owned versus franchised locations can provide insight into Closet Storage Concepts' business model. A higher number of company-owned locations might suggest greater control and direct revenue for the franchisor, while a higher number of franchised locations could indicate a focus on expansion through partnerships. For Closet Storage Concepts, the balance between franchised and company-owned stores remained relatively stable, with a slight increase in company-owned stores in 2022.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.