In Michigan, how many Alloy outlets were transferred in 2024?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Florida | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Georgia | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 | |
| Michigan | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 |
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 was one transfer in Michigan during 2024. This information is part of a broader table that tracks the number of franchise transfers by state and year. The table provides a historical view, including data for 2022, 2023, and 2024.
For a prospective franchisee, understanding the number of transfers can provide insights into the stability and health of existing Alloy franchises in a specific region. A high number of transfers might indicate issues with franchisee profitability or satisfaction, while a low number could suggest stability. However, it is important to consider the overall number of franchises in the state when evaluating transfer rates.
It's also worth noting that franchise transfers are a normal part of the franchise lifecycle. Franchisees may choose to sell their businesses for various reasons, including retirement, relocation, or pursuing other opportunities. The transfer process typically involves the franchisor's approval of the new franchisee to ensure they meet the brand's standards and qualifications. Therefore, one transfer in Michigan during 2024 may not be a cause for concern, but rather a normal business transaction.