How many Closet Storage Concepts outlets in California were terminated 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 terminations of Closet Storage Concepts franchises in California during the fiscal year 2024. The table provided in Item 20 outlines the outlet summary for previous years, detailing the number of outlets at the start of the year, outlets opened, terminations, non-renewals, re acquisitions by the franchisor, ceased operations for other reasons, and the number of outlets at the end of the year.
Specifically, for California in 2024, the table shows that 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 ceased operations for other reasons, resulting in 10 outlets at the end of the year.
This information is valuable for potential franchisees as it provides insight into the stability and performance of Closet Storage Concepts franchises in California. A low number of terminations can be seen as a positive indicator, suggesting that franchisees are generally successful and satisfied with their investment. However, it is important to note that one outlet in California did cease operations for 'other reasons,' which could warrant further investigation to understand the specific circumstances.