For Best Western franchises in Florida, how many non-renewals occurred in 2024?
Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers | |---|---|---| | | 2023 | 0 | | | 2024 | 2 | | West Virginia | 2022 | 0 | | | 2023 | 0 | | | 2024 | 0 | | Wisconsin | 2022 | 8 | | | 2023 | 3 | | | 2024 | 4 | | Wyoming | 2022 | 0 | | | 2023 | 0 | | | 2024 | 1 | | Totals | 2022 | 131 | | | 2023 | 80 | | | 2024 | 93 | Table 3 Status of Licensed Outlets For years 2022 to 2024
| Col. 1 State | Col. 2 Year | Col. 3 Outlets at Start of Year | Col. 4 Outlets Opened | Col. 5 Terminations | Col. 6 Non- Renewals | Col. 7 Reacquired By Licensor | Col. 8 Ceased Operations - Other Reasons | Col.
Source: Item 20 — Outlets and Franchisee Information (FDD pages 93–107)
What This Means (2025 FDD)
According to Best Western's 2025 Franchise Disclosure Document, there were 9 non-renewals of Best Western franchises in Florida during 2024. This means that 9 existing franchise agreements were not renewed at the end of their term. At the start of 2024, there were 87 Best Western outlets in Florida. During 2024, there were zero outlets opened, zero terminations, and 9 non-renewals. At the end of 2024, there were 78 Best Western outlets in Florida.
Non-renewals can occur for a variety of reasons, such as the franchisee deciding to retire or pursue other business ventures, or disagreements between the franchisee and Best Western regarding the terms of the renewal agreement. A high number of non-renewals in a specific area could indicate underlying issues with the market or franchisee relations.
Prospective franchisees should inquire about the reasons for non-renewals and evaluate the overall health and stability of the Best Western franchise system in Florida. Understanding the factors that contribute to non-renewals can help a potential franchisee assess the risks and opportunities associated with investing in a Best Western franchise in that state. This information is crucial for making an informed decision and planning for the long-term success of their investment.