How many Closet Storage Concepts outlets in Arizona were terminated 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 | @ | @ | @ | @ | @ | |||
| 22002233 | /R 1 /R | }O/ 0 | a; 0 | a;} 0 | a;O 0 | /Os 0 | 1 P | |
| 22002244 | IIP 1 | O/O 0 | }O/ | Oos 0 | o/O 0 | DO/ 0 | /I 1 | |
| 0 |
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 terminations of Closet Storage Concepts franchises in Arizona during the fiscal year 2022. The table provided in Item 20 details the status of franchised outlets, including terminations, non-renewals, and other reasons for ceased operations.
Specifically, for Arizona in 2022, the table indicates that there was one outlet at the start of the year, zero outlets opened, zero terminations, zero non-renewals, zero re acquisitions by the franchisor, and zero outlets that ceased operations for other reasons. Consequently, the number of outlets at the end of the year remained at one.
This information is crucial for potential franchisees as it provides insight into the stability and performance of existing franchises within specific regions. A low number of terminations can be seen as a positive indicator, suggesting that franchisees are generally successful and satisfied with the Closet Storage Concepts system. However, it is important to consider this data in conjunction with other factors, such as the number of new outlets opened and the overall financial performance of the franchises, to gain a comprehensive understanding of the franchise's health and growth potential.