Under the Closet Storage Concepts franchise agreement, who is the Franchisor?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS AGREEMENT is entered into and made by and between CLOSETS UNLIMITED OF NEW JERSEY, INC., a New Jersey corporation with its principal business address at 436 Commerce Lane, Suite D, West Berlin, "Effective Date"). NJ 08091 ("Franchisor") and ("Franchisee") on the date this Agreement is executed by Franchisor below (the
Source: Item 22 — CONTRACTS (FDD page 59)
What This Means (2025 FDD)
According to Closet Storage Concepts' 2025 Franchise Disclosure Document, the franchisor is CLOSETS UNLIMITED OF NEW JERSEY, INC., a New Jersey corporation. Their principal business address is located at 436 Commerce Lane, Suite D, West Berlin, NJ 08091.
This information is crucial for prospective franchisees as it clearly identifies the legal entity they are entering into an agreement with. Knowing the franchisor's legal name, business structure (in this case, a New Jersey corporation), and principal address is essential for legal and communication purposes throughout the franchise relationship.
Franchisees need to understand who they are contracting with to ensure they can properly address any legal or business matters that may arise during the term of the franchise agreement. This also allows franchisees to conduct their own due diligence on the franchisor, such as checking their business standing with the New Jersey Secretary of State or researching any potential legal history associated with the company.