In 2024, how many Buildingstars outlets ceased operations for 'Other Reasons' in Illinois?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
023 | 0 | | | 2024 | 0 | | | 2022 | 6 | | Total | 2023 | 5 | | | 2024 | 1 |
Table 3 Status of Franchised Outlets For years 2022 to 2024
| State | Year | Outlets at Start of Year | Outlets Opened | Termina tions | Non Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| 2022 | 89 | 25 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 34–43)
What This Means (2025 FDD)
According to Buildingstars's 2025 Franchise Disclosure Document, there were 44 Buildingstars outlets in Illinois that ceased operations for "Other Reasons" during 2024. This is based on the provided table that tracks outlet data by state and year. The table provides a summary of outlet activity, including the number of outlets at the start of the year, outlets opened, terminations, non-renewals, re acquisitions by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
For a prospective Buildingstars franchisee, this data point is important for understanding the stability and turnover of franchises within the Illinois market. A high number of closures for "Other Reasons" could indicate underlying issues within the region, such as market saturation, economic challenges, or franchisee performance problems. It is important to note that "Other Reasons" is a broad category, and the specific reasons for these closures are not detailed in the table.
It would be prudent for a potential franchisee to investigate further into the specific reasons behind these closures to assess the risks and opportunities associated with investing in a Buildingstars franchise in Illinois. Understanding the factors contributing to these closures can help a franchisee make informed decisions and develop strategies to mitigate potential challenges. This information is valuable for assessing the overall health and sustainability of Buildingstars franchises in the Illinois market.