What is the total value of current liabilities reported for Closet Storage Concepts?

According to Closet Storage Concepts's 2025 Franchise Disclosure Document, the company's total current liabilities are reported as $461,386. Current liabilities represent obligations that Closet Storage Concepts expects to settle within one year. These liabilities include items such as the current portion of long-term debt, capital lease obligations, operating lease liabilities, accounts payable, and accrued expenses.

Specifically, the current liabilities consist of a line of credit amounting to $139,994, the current portion of long-term debt at $52,064, current capital lease obligations of $2,978, and current operating lease liabilities totaling $51,769. Additionally, Closet Storage Concepts has accounts payable of $67,373 and accrued expenses of $147,208 contributing to the total current liabilities.

A prospective Closet Storage Concepts franchisee should consider the current liabilities in relation to the company's assets and overall financial health. A high level of current liabilities relative to current assets may indicate potential liquidity issues. Reviewing these figures in the context of Closet Storage Concepts's historical financial performance and industry benchmarks can provide a more comprehensive understanding of the company's financial stability and its ability to meet its short-term obligations.