What was the total number of Closet Storage Concepts outlet transfers in 2023?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
| SSttaattee | FFiissccaal l YYeeaarr | NNuummbebre r ooff TTrraannsfsefersr s |
|---|---|---|
| CCOONNNNEECCTTICICUUTT | 22002222 | 00 |
| 22002233 | 0 Oo/ | |
| 22002244 | RFr 1 | |
| TTOOTTAALL | 22002222 | ;O 0 |
| 22002233 | ;O} 0 | |
| 22002244 | Fr 1 |
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 were zero outlet transfers in 2023. This data is based on transfers of outlets from franchisees to new owners, excluding transfers to the franchisor.
This indicates that during 2023, no existing Closet Storage Concepts franchisees sold their businesses to a new, independent owner. All Closet Storage Concepts locations remained under the same ownership throughout the year, or if a location closed, it was not transferred to a new franchisee.
For a potential franchisee, this information could suggest stability within the Closet Storage Concepts franchise system. However, it is essential to investigate further why there were no transfers. It could be due to high franchisee satisfaction, making them less likely to sell, or it could indicate difficulties in selling a Closet Storage Concepts franchise. Further due diligence is recommended to understand the reasons behind the lack of transfers.