How many Closet Storage Concepts franchises were in operation as of December 31, 2022?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
Closets Unlimited of New Jersey, Inc. (the "Company"), trading as Closet & Storage Concepts and More Space Place, designs, manufactures and installs organizational and storage products used in residential and business settings. In addition, since 2000, the Company has sold and supported, with product and marketing, franchises in markets throughout the United States. At the end of 2022, the Company serviced eight individually owned franchises trading as Closet & Storage Concepts and twenty‐six individually owned franchises trading as More Space Place.
The Company is headquartered in West Berlin, NJ and operates three Closet & Storage Concepts company‐owned locations servicing New Jersey, Pennsylvania, Delaware and Maryland. Most of the products installed are for residential closet use; designs often include multiple levels of hanging poles for clothing, shelving for folded garments, shoe racks, tie racks, belt racks, drawers, baskets, as well as other space saving home furnishings such as Murphy wall beds. Other design and products are developed to the customer's specific needs.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 59)
What This Means (2025 FDD)
According to Closet Storage Concepts' 2025 Franchise Disclosure Document, at the end of 2022, there were eight individually owned franchises operating under the Closet & Storage Concepts brand. In addition to these franchises, the company also supported twenty-six individually owned franchises trading as More Space Place.
Closet Storage Concepts also operates company-owned locations. As of the end of 2022, the company operated three Closet & Storage Concepts company-owned locations servicing New Jersey, Pennsylvania, Delaware, and Maryland.
Prospective franchisees should note that the financial performance of company-owned locations may not be indicative of franchise performance. It is important for potential franchisees to conduct thorough due diligence and speak with existing franchisees to understand the potential risks and rewards of investing in a Closet Storage Concepts franchise.