How many franchised Closet Storage Concepts outlets were operating at the end of 2024?
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 |
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 7 franchised outlets operating at the end of 2024. This is a net decrease of 1 outlet compared to the start of the year.
Closet Storage Concepts reported that the number of franchised outlets at the start of 2024 was 8. During 2024, there were no new Closet Storage Concepts franchised outlets opened. There was a net change of -1 franchised outlets.
Prospective franchisees should note this decrease and inquire with Closet Storage Concepts about the reasons for the net decrease in franchised outlets. Understanding the factors that contributed to this change can help potential franchisees assess the stability and growth potential of the franchise system.