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