What are the primary activities of Closet Storage Concepts, as described in the financial statements?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
Closets Unlimited of New Jersey, Inc. (the "Company"), trading as Closet & Storage Concepts and More Space Place, designs, manufactures, and installs organizational and storage products used in residential and business settings. In addition, since 2000, the Company has sold and supported, with product and marketing, franchises in markets throughout the United States. At the end of 2024, the Company serviced seven individually owned franchises trading as Closet & Storage Concepts and twenty‐eight individually owned franchises trading as More Space Place.
The Company is headquartered in West Berlin, NJ and operates four Closet & Storage Concepts company‐owned locations servicing New Jersey, Pennsylvania, Delaware, and Maryland. Most of the products installed are for residential closet use; designs often include multiple levels of hanging poles for clothing, shelving for folded garments, shoe racks, tie racks, belt racks, drawers, baskets, as well as other space saving home furnishings such as Murphy wall beds. Other design and products are developed to the customer's specific needs.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 59)
What This Means (2025 FDD)
According to Closet Storage Concepts' 2025 Franchise Disclosure Document, the company, also known as Closets Unlimited of New Jersey, Inc., primarily engages in designing, manufacturing, and installing organizational and storage products. These products are tailored for both residential and business environments.
In addition to these core activities, Closet Storage Concepts has been involved in selling and supporting franchises across the United States since 2000. As of the end of 2024, the company supported seven individually owned franchises operating under the Closet & Storage Concepts brand and twenty-eight franchises under the More Space Place name.
The company's headquarters are located in West Berlin, NJ, and it directly manages four Closet & Storage Concepts locations. These company-owned locations serve customers in New Jersey, Pennsylvania, Delaware, and Maryland. The products are mainly for residential closet organization, including designs with multiple hanging poles, shelving, shoe racks, and other space-saving features like Murphy wall beds, with designs tailored to customer needs.