What was the median gross revenue for Closet Storage Concepts franchised locations in 2024?

According to Closet Storage Concepts's 2025 Franchise Disclosure Document, the median gross revenue for franchised locations open more than one year was $2,298,026 in 2024. This data is based on the performance of five representative franchised locations. These locations met specific criteria, including being open for at least one year as of December 31, 2024, located in a market with at least 1 million people, operating for the full 12 months of 2024, and operating from a dedicated retail showroom staffed full time.

The Item 19 financial performance representation includes data from five franchised locations. The gross revenues include completed jobs and installation charges, but do not include work in progress or deposits received on orders. It is important to note that the FTC permits a franchisor to provide information about the actual or potential financial performance of its franchised and/or franchisor-owned outlets, if there is a reasonable basis for the information, and if the information is included in the Franchise Disclosure Document.

Prospective franchisees should be aware that the FDD clearly states, "Some outlets have earned this amount. Your individual results may differ. There is no assurance that you'll earn as much." This highlights the fact that past performance is not necessarily indicative of future results. Closet Storage Concepts also states that they do not make any other financial performance representations beyond what is included in Item 19, and any additional information received should be reported to the franchisor's management, the Federal Trade Commission, and appropriate state regulatory agencies.