How many Aplus outlets were operating in New Jersey at the start of 2021?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
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Table No. 3 Status of Franchised Outlets
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 |
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 15 Aplus outlets operating in New Jersey at the start of 2021. Throughout 2021, no additional outlets were opened, and none were terminated. However, two outlets ceased operations for other reasons, resulting in 13 outlets at the end of 2021.
For a prospective franchisee, this data indicates the existing market presence of Aplus in New Jersey at that time. It also shows that while there were no new openings, a couple of outlets did close for unspecified reasons. This could prompt a potential franchisee to investigate the reasons behind these closures to better understand the market dynamics and potential challenges in the region.
It's important to note that the number of outlets can fluctuate due to various factors, and this historical data provides a snapshot of the situation during that specific period. Further research and due diligence are advised to assess the current market conditions and the overall performance of Aplus franchises in New Jersey.