How many Brightstar Care outlets in the state of Wisconsin were reacquired by the franchisor during 2023?
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 8 Brightstar Care outlets in Wisconsin that were reacquired by the franchisor during 2023. At the start of 2023, there were 14 Brightstar Care outlets in Wisconsin. During that year, none were opened, and 8 were reacquired by Brightstar Care. One Brightstar Care location in Wisconsin ceased operations for other reasons, leaving 5 outlets at the end of 2023.
Reacquisitions can occur for various reasons, such as the franchisee's failure to meet performance standards, a mutual agreement between the franchisee and franchisor, or the franchisee's decision to sell the business back to Brightstar Care. A high number of reacquisitions, like the 8 in Wisconsin during 2023, could indicate underlying issues within that specific market, such as economic challenges, management difficulties, or perhaps misaligned expectations between Brightstar Care and its franchisees.
Prospective franchisees should investigate the reasons behind these reacquisitions to understand any potential risks or challenges specific to operating a Brightstar Care franchise in Wisconsin. Understanding the context behind these numbers is crucial for making an informed investment decision. It would be prudent to speak with current and former Brightstar Care franchisees in Wisconsin to gather more insights into their experiences and the factors contributing to the reacquired locations.