What was the number of Best Western franchise transfers in Ohio during 2024?
Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Ohio | 2022 | 2 |
| 2023 | 1 | |
| 2024 | 5 |
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 5 franchise transfers in Ohio during 2024. This figure is part of a larger table that tracks the number of franchise transfers across various states over a three-year period, from 2022 to 2024. This data is relevant to potential franchisees as it provides insight into the stability and turnover of Best Western franchises within specific geographic areas.
The number of transfers can be influenced by various factors, including the profitability of the franchise, local market conditions, and the personal circumstances of the franchisees. A high number of transfers might indicate challenges within the system, such as difficulty in maintaining profitability or a lack of support from the franchisor. Conversely, a low number of transfers could suggest a stable and well-supported franchise network.
For a prospective Best Western franchisee, understanding the reasons behind franchise transfers in a specific state like Ohio is crucial. It would be prudent to investigate the performance of existing franchises in the area, the level of support provided by Best Western, and any specific challenges or opportunities present in the local market. Speaking with current and former franchisees in Ohio could provide valuable insights into the factors driving these transfers and the overall health of the Best Western franchise system in that state.
Ultimately, the transfer data offers a glimpse into the dynamics of the Best Western franchise network and should be considered alongside other factors when evaluating the potential of investing in a franchise. While 5 transfers in Ohio during 2024 might not be alarming on its own, further investigation is warranted to understand the context and potential implications for a new franchisee.