How many Closet Storage Concepts outlets in Arizona had non-renewals in 2022?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
| CCLLOOSSEETT && SSTTOORRAAGGEE CCOONNCCEEPPTST S | ||||||||
|---|---|---|---|---|---|---|---|---|
| SSttaattee | YYeeaarr | OOuutlteltest s aatt SSttaarrt t ooff YYeeaarr | OOuutlteltest s OOppeenneedd | TTeerrmmininataitoionns s | NNoonn- - RReenneewwalasl s | RReeaaccqquuirireedd bbyy FFrraanncchhisisoorr | CCeeaasseedd OOppereartaitoionns s --OOtthheerr RReeaassoonns s | OOuutlteltest s AAt t EEnndd OOf f tthhee YYeeaarr |
| AARRIIZZOONNAA | 22002222 | 1 | 0 | 0 | 0 | 0 | 0 | 11 |
| PP | @ | @ | @ | @ | @ |
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 no non-renewals of Closet Storage Concepts franchises in Arizona during the fiscal year 2022. The provided table, which details the status of franchised outlets, indicates that for Arizona in 2022, the number of non-renewals was zero. The table also shows that at the start of 2022, there was one outlet in Arizona, and at the end of the year, there was still one outlet. No outlets were opened, terminated, reacquired by the franchisor, or ceased operations for other reasons during that year.
This information is crucial for potential franchisees as it provides a historical perspective on franchise stability and turnover within specific states. A non-renewal means that a franchisee's agreement was not extended at the end of its term, which could be due to various factors such as performance issues, strategic decisions, or disagreements with the franchisor.
The absence of non-renewals in Arizona for 2022 suggests stability within the Closet Storage Concepts franchise network in that state during that period. However, prospective franchisees should consider this data in conjunction with other factors, such as the overall number of outlets, the length of franchise terms, and the reasons for any terminations or non-renewals in other years or states, to gain a comprehensive understanding of franchise health and sustainability.
It is also important to note that past performance is not necessarily indicative of future results. Potential franchisees should conduct thorough due diligence, including speaking with current and former franchisees, to assess the risks and opportunities associated with investing in a Closet Storage Concepts franchise.