FDD ITEM 20 · FISCAL 2023–2025
CLOSET & STORAGE CONCEPTS Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), CLOSET & STORAGE CONCEPTS reported 6 franchised outlets at year end. 0 of 7 franchised outlets open at the start of the year left the system (exit rate 0.0%, fiscal 2025), while 0 new outlets opened. Systemwide units moved 12 → 11 units over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 12 | 12 | 11 |
| Opened | 0 | 0 | 0 |
| Transfers | 0 | 1 | 0 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 1 |
| Ceased — other reasons | 0 | 1 | 0 |
| Outlets at end | 12 | 11 | 11 |
| Net change | 0 | -1 | 0 |
0 terminations + 0 non-renewals + 0 ceased (other) = 0 exits ÷ 7 at start = 0.0%
These are the three FTC Item 20 statuses in which a franchised outlet left the system — including voluntary non-renewals and outlets that ceased for other reasons, which can include sales or absorption into another franchise. Transfers (0) are resales, not exits; reacquisitions by the franchisor (1) are tracked separately. There is no official “failure rate”, and not every exit is a closure or a failure; Item 20 does not say why any outlet left. On a small starting base, a single exit moves this rate sharply.
| State | Franchised | Company-owned |
|---|---|---|
| AZ | 1 | — |
| CO | 1 | — |
| CT | 1 | — |
| MA | 1 | — |
| NC | 1 | — |
| NV | 1 | — |
| CA | 0 | — |
| NJ | 0 | 1 |
| PA | 0 | 2 |
The CLOSET & STORAGE CONCEPTS validation checklist
questions built from this brand's own filings · read them all on the profile
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