How many Aplus franchise transfers occurred in Pennsylvania during 2023?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| CT | 2021 | 1 |
| 2022 | 0 | |
| 2023 | 0 | |
| MA | 2021 | 0 |
| 2022 | 1 | |
| 2023 | 2 | |
| MD | 2021 | 0 |
| 2022 | 1 | |
| 2023 | 0 | |
| NJ | 2021 | 1 |
| 2022 | 1 | |
| 2023 | 1 | |
| NY | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 2 | |
| PA | 2021 | 8 |
| 2022 | 8 | |
| 2023 | 6 | |
| Total | 2021 | 10 |
| 2022 | 11 | |
| 2023 | 11 |
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 6 franchise transfers in Pennsylvania during 2023. This information is detailed in Table No. 2, which tracks transfers of Aplus outlets from franchisees to new owners, excluding transfers back to the franchisor. The table provides a three-year overview, from 2021 to 2023, showing the number of transfers in each state.
For a prospective Aplus franchisee, this data indicates the level of activity in the resale market within the Aplus system. A higher number of transfers might suggest a more liquid market for existing franchises, potentially making it easier to sell their franchise if they choose to exit the business. Conversely, a low number could indicate fewer opportunities to acquire an existing Aplus franchise instead of starting a new one.
It's important to note that the transfer numbers do not reflect the reasons behind these transfers. Franchisees may transfer their locations due to retirement, financial difficulties, or other personal reasons. A prospective franchisee should investigate the reasons for transfers and the performance of transferred locations to better understand the dynamics of the Aplus franchise system in specific regions.