How many Atwell Suites franchises were removed in 2022?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Franchised hotels at beginning of year | 4,218 | 4,160 | 4,063 |
| New franchises | 140 | 99 | 127 |
| Franchises removed | (62) | (41) | (30) |
| Franchised hotels at end of year | 4,296 | 4,218 | 4,160 |
Source: Item 23 — Receipts (FDD pages 99–486)
What This Means (2025 FDD)
According to Atwell Suites' 2025 Franchise Disclosure Document, in 2022, 30 franchises were removed. In 2023, the number of franchises removed decreased to 41. However, in 2024, the number of franchises removed increased to 62.
These figures on franchise removals are important for prospective franchisees to consider, as they can indicate the stability and success rate of Atwell Suites franchises. A high number of removals could suggest issues with the franchise system, such as lack of support from the franchisor, poor performance of the business model, or disputes between the franchisor and franchisees.
It's essential to note that franchise removal can occur for various reasons, including voluntary termination by the franchisee, non-renewal of the franchise agreement, or termination by the franchisor due to breach of contract. Understanding the reasons behind franchise removals can provide valuable insights into the potential risks and challenges of investing in an Atwell Suites franchise.
Prospective franchisees should carefully evaluate these figures in conjunction with other information in the FDD, such as the number of new franchises added each year, the financial performance of existing franchises, and the franchisor's support and training programs. Additionally, speaking with current and former franchisees can provide valuable perspectives on the franchise system and the factors that may contribute to franchise removals.