What was the reported expense for insurance for Closet Storage Concepts?

According to Closet Storage Concepts' 2025 Franchise Disclosure Document, insurance expenses are included within selling and administrative expenses. Selling and administrative expenses consist of compensations for all employees, advertising, insurance, rents, professional fees, technology service and supplies, travel and entertainment, and other administrative costs. The specific amount spent on insurance is not broken out as a separate line item.

For a prospective Closet Storage Concepts franchisee, this means that the FDD does not provide a precise figure for insurance expenses. Instead, insurance is bundled with other operational costs. This makes it difficult to benchmark insurance costs independently or to understand how they might fluctuate.

A potential franchisee should inquire directly with Closet Storage Concepts about the typical range of insurance costs experienced by existing franchisees. It would also be prudent to seek quotes from multiple insurance providers to estimate potential expenses and to understand the specific coverage required for a Closet Storage Concepts franchise.