factual

Who is required to attend and complete the Closet Storage Concepts training program?

Closet_Storage_Concepts Franchise · 2025 FDD

Answer from 2025 FDD Document

In the event of the death, disability or incapacity of any individual Franchisee or officer or director or member of an incorporated Franchisee or limited liability company or partner of a partnership Franchisee, should the decedent's or disabled or incapacitated person's executor, heir or legal representative, or the business entity, as the case may be, wish to continue as Franchisee under this Agreement, such person shall apply for Franchisor's consent, execute the then-current franchise agreement, and complete the training program to Franchisor's satisfaction, as applicable, as in any other case of a proposed transfer of Franchisee's interest in this Agreement.

Source: Item 22 — CONTRACTS (FDD page 59)

What This Means (2025 FDD)

According to Closet Storage Concepts' 2025 Franchise Disclosure Document, if a franchisee wishes to continue the franchise agreement after the death, disability, or incapacitation, the person applying for Closet Storage Concepts' consent must complete the training program to the Franchisor's satisfaction. This condition applies to the executor, heir, or legal representative of the deceased or disabled franchisee, or the business entity itself.

This requirement ensures that the Closet Storage Concepts franchise maintains consistent operational standards even in the event of unforeseen circumstances. The new applicant must execute the then-current franchise agreement and complete the training program.

This stipulation is important for prospective franchisees to consider, as it highlights the importance of having a succession plan in place. In the event a franchisee is unable to continue operating the business, their successor will need to meet Closet Storage Concepts' training requirements to maintain the franchise agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.