How many Advanced Mobile Iv And Amiv outlets in Washington were terminated in 2022?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
ear | Number of Transfers | |---|---|---| | Total | 2020 | 0 | | | 2021 | 0 | | | 2022 | 0 | | | 2023 | 0 |
Table No. 3 STATUS OF FRANCHISED OUTLETS As of December 31 for Years 2020 to 2022 and as of July 31, 2023
| State | Year | Column 3 Outlets at the Start of the Year | Column 4 Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations – Other Reasons | Column 9 Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Arizona | 2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2022 | 0 | 2 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Florida | 2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Idaho | 2020 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 50–54)
What This Means (2023 FDD)
According to Advanced Mobile Iv And Amiv's 2023 Franchise Disclosure Document, one outlet in Washington was terminated in 2022. The FDD specifies that this termination was for a franchise that had not yet opened.
This information is crucial for potential franchisees as it provides insight into the stability and success rate of Advanced Mobile Iv And Amiv franchises. A termination, even of an unopened franchise, can indicate potential challenges in the market or with the franchise offering itself. It is important to note that this was the only termination across all states in 2022.
Prospective franchisees should further investigate the reasons behind this termination. Understanding why a franchise terminated before opening can help in assessing the risks and opportunities associated with investing in an Advanced Mobile Iv And Amiv franchise. It would be prudent to ask Advanced Mobile Iv And Amiv about the specifics of this situation and what measures they have taken to prevent similar occurrences in the future.
Reviewing the complete list of terminations, cancellations, and non-renewals in Exhibit H of the FDD, as mentioned in the document, would also provide a broader understanding of franchise performance and turnover within the Advanced Mobile Iv And Amiv system.