How many Closet Storage Concepts outlets in New Jersey were opened in 2023?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Fiscal Year | Outlets Opened | Terminations | Non Renewals | Reacquired by Franchisor | Ceased Operations -Other Reasons | Outlets At End Of the Year |
|---|---|---|---|---|---|---|---|---|
| NEW JERSEY | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
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 new Closet Storage Concepts outlets opened in New Jersey during 2023. The FDD provides a table outlining outlet activity by state and year.
The table shows that New Jersey had two outlets at the start of 2023 and maintained two outlets by the end of the year. This indicates that while there were existing Closet Storage Concepts locations, no new franchises were established in New Jersey during that period.
For a prospective franchisee, this data point can be useful in assessing the growth and market saturation of Closet Storage Concepts in New Jersey. It suggests that the existing territories may be well-established, and opportunities for new locations might be limited or require a different market entry strategy.