How many Brightstar Care franchises in Florida were reacquired by the franchisor in 2022?
Brightstar_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers | |---|---|---| | TN | 2022 | 0 | | | 2023 | 1 | | | 2024 | 0 | | TX | 2022 | 4 | | | 2023 | 3 | | | 2024 | 2 | | VA | 2022 | 0 | | | 2023 | 2 | | | 2024 | 0 | | TOTAL | 2022 | 15 | | | 2023 | 29 | | | 2024 | 19 | Table No. 3
Status of Franchise Outlets For Years 2022, 2023, and 2024
| Col. 1 State | Col. 2 Year | Col. 3 Outlets at Start of Year | Col. 4 Outlets Opened | Col. 5 Termin- ations | Col. 6 Non- Renewals | Col. 7 Reacquired by Franchisor | Col. 8 Ceased Operations- Other Reasons | Col.
Source: Item 20 — OUTLETS AND FRANCHISE INFORMATION (FDD pages 107–117)
What This Means (2025 FDD)
According to Brightstar Care's 2025 Franchise Disclosure Document, there were 5 franchises in Florida that were reacquired by the franchisor in 2022. This information is based on data compiled regarding franchise outlets and activity over the past three years.
Reacquisitions occur when Brightstar Care buys back a franchise location from a franchisee. This could be due to various reasons such as the franchisee wanting to exit the business, performance issues, or strategic decisions by Brightstar Care. For a potential franchisee, a high number of reacquisitions could signal potential challenges within the franchise system that merit further investigation.
It is important to note that while 5 franchises were reacquired in Florida during 2022, the number decreased to 0 in 2023, and then increased to 2 in 2024. Prospective franchisees should inquire with Brightstar Care about the reasons for these reacuqisitions and what steps the company is taking to support franchisee success and minimize future reacquisitions.