How many Closet Storage Concepts outlets in Massachusetts were at the start of 2024?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
3 Status of Franchised Outlets (other than the Franchisor) for Fiscal Years Ended December 31, 2022, December 31, 2023 & December 31, 2024
| 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; |
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 was one outlet in Massachusetts at the start of 2024. The table provided in Item 20 includes information about the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year for various states.
Specifically, for Massachusetts in 2024, the table indicates that there was one outlet at the beginning of the fiscal year. Throughout 2024, no additional outlets were opened, and there were no terminations, non-renewals, re acquisitions by the franchisor, or other reasons for ceased operations. Consequently, the number of Closet Storage Concepts outlets in Massachusetts remained at one by the end of 2024.
This information is valuable for prospective franchisees as it provides a clear picture of the brand's presence and stability in Massachusetts. A single outlet might suggest an opportunity for growth in the region, but it also indicates that the brand's recognition and market penetration may still be limited compared to states with more locations.