How many franchised Closet Storage Concepts outlets were operating at the start 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 8 franchised outlets operating at the start of 2024. This number is based on the data provided in Item 20, which details the status of franchised outlets for the fiscal years ended December 31, 2022, December 31, 2023, and December 31, 2024. The table specifically tracks the number of franchised outlets at the start and end of each year, along with changes such as openings, terminations, and other reasons for ceased operations.
For a prospective franchisee, this information is crucial for understanding the historical growth and stability of the Closet Storage Concepts franchise system. Knowing the number of outlets at the beginning of the year helps in assessing the brand's existing market presence. The fact that the number of franchised locations decreased by one during 2024 (from 8 to 7) could prompt further investigation into the reasons behind this change.
It's important to note that while the total number of franchised Closet Storage Concepts outlets is provided, the table does not break down the number of outlets per state. The document includes a list of franchisees and their locations as of December 31, 2024, which may provide additional insight into the geographic distribution of the franchises. Reviewing both the summary data and the list of franchisees can give a more complete picture of the franchise system's footprint and operational dynamics.