How many franchised 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 9 franchised outlets at the start of 2022. The table provided in Item 20, titled "Status of Franchised Outlets (other than the Franchisor) for Fiscal Years Ended December 31, 2022, December 31, 2023 & December 31, 2024," details the changes in the number of franchised Closet Storage Concepts outlets over those three years.
Specifically, the table shows that the number of franchised outlets decreased by 1 during 2022, going from 9 at the start of the year to 8 by the end of the year. In 2023, the number remained constant at 8, and in 2024, it decreased again by 1, resulting in 7 franchised outlets at the end of that year.
This information is valuable for potential franchisees as it provides insight into the historical performance and changes in the Closet Storage Concepts franchise system. Monitoring the number of outlet terminations and closures can be a key factor in assessing the stability and growth potential of the franchise.