How many Alloy outlets opened in Michigan during 2023?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
Years 2022 - 2024**
| State | Year | Number of | ||||||
|---|---|---|---|---|---|---|---|---|
| Transfers | ||||||||
| Utah | 2022 2023 2024 | 0 2 2 | ||||||
| Total | 2022 2023 2024 | 0 3 5 | ||||||
| State | Year | Outlets at Start of Year | Outlets Opened | Termina tions | Non Renewals | Reacquired by Franchisor | Ceased Operations – Other Reasons | Outlets at End of the Year |
| --------------- | ------ | -------------------------------------- | ------------------- | ------------------ | ----------------- | -------------------------------- | ----------------------------------------------- | ---------------------------------------- |
| Kentucky | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 1 | 0 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 62–69)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, there were 2 Alloy outlets opened in Michigan during 2023. The table provided in Item 20 of the FDD details the number of outlets opened, terminated, and closed for various states over the past three years. This information is crucial for potential franchisees as it offers insights into the brand's growth trajectory and stability in different markets.
Specifically, the table shows that at the start of 2023, there were no Alloy outlets in Michigan. Throughout 2023, 2 new outlets were opened, resulting in a total of 2 outlets at the end of the year. This indicates a moderate expansion of Alloy's presence in Michigan during that period.
For a prospective franchisee, this data highlights the potential for growth in Michigan. It's important to further investigate the performance and sustainability of these outlets to gauge the overall health of the Alloy franchise in the state. Understanding the reasons behind outlet openings and closures can help in making an informed decision about investing in an Alloy franchise.