How many Closet Storage Concepts outlets were at the start of 2022 in Pennsylvania?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
| | | | 0 | 0 | | | TABLE 4 Status of Company-Owned Outlets for Fiscal Years Ended December 31, 2022, December 31, 2023 & December 31, 2024
| 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 was one outlet in Pennsylvania at the start of the 2022 fiscal year. The information is based on the table summarizing outlet information for the fiscal years ended December 31, 2022, December 31, 2023, and December 31, 2024.
During 2022, one outlet was reacquired by Closet Storage Concepts in Pennsylvania. However, the table also indicates that the number of outlets at the end of 2022 was two.
Prospective franchisees can use this information to understand the historical growth and changes in the number of Closet Storage Concepts outlets in specific states. Monitoring these trends can help in evaluating the stability and potential of the franchise in different markets. Franchisees should further investigate the reasons behind the reacquisition of the outlet to better understand the market dynamics in Pennsylvania.