How many Closet Storage Concepts outlets were in New Jersey at the start of 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's 2025 Franchise Disclosure Document, there were two outlets in New Jersey at the start of the 2023 fiscal year. The FDD provides a table outlining the number of outlets at the start of the fiscal 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 the years 2022, 2023, and 2024.
Specifically for New Jersey, the table shows that there were two outlets at the beginning of 2023, zero outlets opened during that year, and two outlets at the end of 2023. This indicates that no new Closet Storage Concepts franchises opened or closed in New Jersey during 2023.
This information is valuable for potential franchisees as it provides insight into the stability and growth of Closet Storage Concepts in specific markets. A consistent number of outlets, as seen in New Jersey, might suggest a stable market presence, but it could also indicate a lack of expansion opportunities. Prospective franchisees should further investigate the market dynamics in New Jersey and other states of interest to understand the growth potential and competitive landscape.