What was the total number of Closet Storage Concepts outlets at the end of 2024?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
pan id="page-55-0">TABLE 1 Systemwide Outlet Summary for Fiscal Years Ended December 31, 2022, December 31, 2023 & December 31, 2024
| OOuutltelet t TTyyppee | YYeeaar r | OOuutlteletsts aatt tthhee | OOuutlteletsts aatt tthhee EEnndd | NNeet t CChhaanngge e |
|---|---|---|---|---|
| SSttaartr t ooff tthhee YYeeara r | ooff tthhee YYeeaar r | |||
| FFRRAANNCCHHISISEEDD | 22002222 | 99 | 88 | --11 |
| 22002233 | 88 | 88 | 00 | |
| 22002244 | 88 | 77 | --11 | |
| COMPANY- | 22002222 | 33 | 44 | ++11 |
| COMPANY- | ||||
| OWNED | ||||
| OWNED | ||||
| 22002233 | 44 | 44 | 00 | |
| 22002244 | 44 | 44 | 00 | |
| TOTAL | 22002222 | 1122 | 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, at the end of 2024, there were a total of 11 outlets. This total is comprised of 7 franchised outlets and 4 company-owned outlets.
Over the course of 2024, the number of franchised outlets decreased by 1, while the number of company-owned outlets remained the same. This resulted in a net decrease of 1 outlet overall for Closet Storage Concepts during that year.
Prospective franchisees should note the slight contraction in the number of franchised locations and inquire with Closet Storage Concepts about the reasons for this change and whether this trend is expected to continue. Understanding the dynamics of outlet numbers can provide valuable insights into the health and stability of the franchise system.