How many Aplus franchise agreements were renewed in 2021?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
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FOR YEARS 2021 TO 2023
| | | | | | | | Ceased | | |---|---|---|---|---|---|---|---|---| | | | Outlets at | Outlets | | Non- | Reacquired | Operations – | Outlets at | | State | Year | Start of Year | Opened | Terminations | Renewals | by Franchisor | Other Reasons | End of Year | | | | | | | | | | | | CT | 2021 | 9 | 0 | 0 | 0 | 0 | 0 | 9 | | | 2022 | 9 | 0 | 0 | 0 | 0 | 0 | 9 | | | 2023 | 9 | 0 | 0 | 0 | 0 | 0 | 9 | | DC | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | DE | 2021 | 8 | 0 | 0 | 0 | 0 | 0 | 8 | | | 2022 | 8 | 0 | 0 | 0 | 0 | 0 | 8 | | | 2023 | 8 | 0 | 0 | 0 | 0 | 0 | 8 | | MA | 2021 | 16 | 0 | 0 | 0 | 0 | 0 | 16 | | | 2022 | 16 | 0 | 0 | 0 | 0 | 0 | 16 | | | 2023 | 16 | 0 | 0 | 0 | 0 | 0 | 16 | | MD | 2021 | 26 | 1 | 2 | 0 | 0 | 0 | 25 | | | 2022 | 25 | 0 | 0 | 0 | 0 | 0 | 25 | | | 2023 | 25 | 0 | 0 | 0 | 0 | 0 | 25 | | NJ | 2021 | 15 | 0 | 0 | 0 | 0 | 2 | 13 | | | 2022 | 13 | 0 | 1 | 0 | 0 | 0 | 12 | | | 2023 | 12 | 0 | 0 | 0 | 0 | 0 | 12 | | NY | 2021 | 54 | 1 | 0 | 2 | 0 | 0 | 53 | | | 2022 | 53 | 0 | 0 | 0 | 0 | 0 | 53 | | | 2023 | 53 | 0 | 1 | 0 | 0 | 0 | 52 | | PA | 2021 | 108 | 1 | 0 | 5 | 0 | 0 | 104 | | | 2022 | 104 | 1 | 2 | 0 | 0 | 0 | 103 | | | 2023 | 103 | 0 | 2 | 0 | 0 | 0 | 101 | | RI | 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | VA | 2021 | 20 | 0 | 1 | 0 | 0 | 0 | 19 | | | 2022 | 19 | 1 | 0 | 0 | 0 | 0 | 20 | | | 2023 | 20 | 0 | 0 | 0 | 0 | 0 | 20 | | Totals | 2021 | 260 | 3 | 3 | 7 | 0 | 2 | 251 | | | 2022 | 251 | 2 | 3 | 0 | 0 | 0 | 250 | | | 2023 | 250 | 0 | 3 | 0 | 0 | 0 | 247 |
**Table No.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 65–68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, there were a total of 7 franchise agreement renewals across all states in 2021. The state-by-state breakdown shows that Connecticut, the District of Columbia, Delaware, Massachusetts, Maryland, New Jersey, Rhode Island and Virginia had zero renewals. New York had 2 franchise renewals, and Pennsylvania had 5.
It is important to note that franchise renewals do not necessarily indicate the financial health or success of individual franchise locations. Renewals simply reflect the number of franchisees who chose to extend their franchise agreements for another term. A prospective franchisee should consider the renewal rate in conjunction with other factors, such as terminations and transfers, to gain a more comprehensive understanding of the franchise system's stability.
This information is valuable for potential Aplus franchisees as it provides insight into the historical renewal trends within the franchise system. While a higher renewal rate might suggest franchisee satisfaction, it is crucial to conduct thorough due diligence and speak with current and former franchisees to assess the overall health and attractiveness of the Aplus franchise opportunity.