What was the total number of Closet Storage Concepts outlets at the start of 2024?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | 1122 | 00 |
| TOTAL | ||||
| OUTLETS | ||||
| OUTLETS | ||||
| 22002233 | 1122 | 1122 | 00 | |
| 22002244 | 1122 | 1111 | --11 |
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, the total number of outlets at the start of 2024 was 12. This is broken down into 8 franchised outlets and 4 company-owned outlets.
Specifically, the table provides a year-by-year overview of the number of franchised and company-owned Closet Storage Concepts outlets. For a prospective franchisee, this indicates the existing scale and structure of the Closet Storage Concepts system.
It's important to note that while the total number of outlets remained consistent from the start of 2023 to the start of 2024, the number of franchised outlets decreased by one by the end of 2024, while the number of company-owned outlets remained the same. This could signal a shift in the company's strategy or indicate other factors influencing franchise operations.