How many Amerispec Inspection Services outlets were not renewed in New Mexico during 2023?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
024 | 1 | | WI | 2022 | 1 | | | 2023 | 0 | | | 2024 | 0 | | Total | 2022 | 5 | | | 2023 | 2 | | | 2024 | 4 | AmeriSpec FDD April 30, 2025 #238466v3
| State | Year | Outlets at the Start of the Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations- Other Reasons | Outlets at the End of the Year |
|---|---|---|---|---|---|---|---|---|
| A |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 39–46)
What This Means (2025 FDD)
According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, in the state of New Mexico, one franchise agreement was not renewed during 2023. This means that one existing franchise location's agreement with Amerispec Inspection Services was not extended or renewed for another term. The number of outlets in New Mexico went from 3 at the start of 2023 to 2 at the end of 2023.
Non-renewals can occur for various reasons, such as the franchisee deciding not to continue with the business, failure to meet performance standards, or disagreements with the franchisor. For a prospective franchisee, a non-renewal indicates a potential risk of not being able to continue operating the franchise beyond the initial term. It is important to understand the factors that contribute to non-renewals and to assess the long-term viability of the franchise opportunity.
It would be prudent for a potential Amerispec Inspection Services franchisee to inquire about the reasons for past non-renewals and the criteria for franchise agreement renewals. Understanding these factors can help a franchisee make an informed decision and take steps to ensure their franchise remains in good standing with Amerispec Inspection Services, increasing the likelihood of renewal when the time comes.