How many Aplus outlets were closed in New Jersey during 2023?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | ||||||
|---|---|---|---|---|---|---|---|
| NJ | 2021 | 21 | 0 | 0 | 0 | 0 | 21 |
| 2022 | 21 | 0 | 0 | 0 | 0 | 21 | |
| 2023 | 21 | 0 | 0 | 2 | 0 | 19 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 65–68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, two Aplus outlets in New Jersey were closed during 2023. At the start of 2023, there were 21 outlets, and by the end of the year, that number decreased to 19. No outlets were opened, reacquired from franchisees, or sold to a franchisee during that year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Aplus franchises in New Jersey. A closure rate can indicate market challenges, management issues, or other factors affecting the profitability and sustainability of Aplus franchises in that specific region.
Prospective franchisees should investigate the reasons behind these closures to assess the potential risks and opportunities associated with investing in an Aplus franchise in New Jersey. Understanding the factors that led to these closures can help franchisees make informed decisions and develop strategies to mitigate similar risks in their own operations.