How many Best Western franchises were transferred in North Carolina during 2023?

According to Best Western's 2025 Franchise Disclosure Document, there were 2 franchise transfers in North Carolina during 2023. This information is based on data collected by Best Western and included in Item 20 of the FDD, which details the number of franchise transfers that occurred in each state over the past three years. Franchise transfers occur when an existing franchisee sells their business to a new owner, subject to Best Western's approval.

For a prospective Best Western franchisee, the number of transfers can provide insights into the stability and desirability of the franchise in a particular area. A higher number of transfers might indicate a more active market for buying and selling franchises, while a lower number could suggest that franchisees are holding onto their businesses for longer periods. It is important to note that transfers do not necessarily reflect the profitability or success of the franchise, but rather a change in ownership.

When evaluating a franchise opportunity, it is advisable to consider the transfer rates in conjunction with other factors such as terminations, non-renewals, and the overall number of operating outlets. This information, also found in Item 20 of the Best Western FDD, can help potential franchisees gain a more comprehensive understanding of the franchise system's health and stability. Reviewing these figures over multiple years can reveal trends and patterns that may be useful in making an informed investment decision.