How many Auntie Annes franchise transfers occurred in the state of Ohio during the year 2022?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| 2021 | 5 | |
| Ohio | 2022 | 12 |
| 2023 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISE INFORMATION (FDD pages 95–105)
What This Means (2024 FDD)
According to Auntie Annes's 2024 Franchise Disclosure Document, there were 12 franchise transfers in the state of Ohio during 2022. This information is part of a larger table detailing the number of franchise transfers by state and year. Franchise transfers occur when an existing franchisee sells their business to a new owner, which can be an important indicator of the health and desirability of the franchise system.
For a prospective Auntie Annes franchisee, a high number of transfers could signal a dynamic market with opportunities to acquire existing locations. However, it could also raise questions about why franchisees are choosing to sell. Investigating the reasons behind these transfers, such as retirement, relocation, or underperforming locations, would be a prudent step in due diligence.
It's also worth noting the total number of transfers across all states. In 2022, there were 128 transfers in total. Comparing the number of transfers in a specific state like Ohio to the total can provide a sense of the relative activity in that market. Understanding these trends can help a potential franchisee assess the stability and growth potential of the Auntie Annes franchise in different regions.
Overall, the transfer data provides valuable insights into the franchise system's dynamics. A prospective franchisee should analyze these figures in conjunction with other performance metrics and market research to make an informed decision about investing in an Auntie Annes franchise.