How many Closet Storage Concepts outlets in California had non-renewals in 2024?
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 | ||||||||
| CCAALLIIFFOORRNNIAIA | 22002222 | R/ 1 | /}O 0 | O/O 0 | @/D 0 | /DO 0 | O/ 0 | PR/ |
| 1 | ||||||||
| 22002233 | RI | /sO 0 | /D 0 | O/D 0 | /sD 0 | O/F | IR 1 | |
| 1 | 0 | |||||||
| 22002244 | PRI | /lJ 0 | O/D | O/ 0 | O/s 0 | /}O 1 | IR/ | |
| 1 | 0 | 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 zero non-renewals in California during the 2024 fiscal year. The table provided in Item 20 includes data about outlet status for the fiscal years 2022, 2023, and 2024. For California specifically in 2024, there were 11 outlets at the start of the year, zero outlets opened, zero terminations, zero non-renewals, zero re acquisitions by the franchisor, one outlet that ceased operations for other reasons, resulting in 10 outlets at the end of the year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of existing Closet Storage Concepts franchises in California. A non-renewal indicates that a franchisee chose not to continue operating under the Closet Storage Concepts brand at the end of their franchise term. Zero non-renewals suggest that franchisees in California are generally satisfied with their investment and business operations, although one closure for 'other reasons' does suggest that some challenges may arise.
Prospective franchisees should further investigate the reasons behind the 'ceased operations - other reasons' to understand the potential challenges and risks associated with operating a Closet Storage Concepts franchise in California. Understanding the factors that led to this closure can help new franchisees prepare for and mitigate similar issues. It is also important to note that the data presented is for a specific period and may not be indicative of future performance.