How many Buildingstars outlets were closed in Illinois during 2023?
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 |
|---|
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 34–43)
What This Means (2025 FDD)
According to Buildingstars' 2025 Franchise Disclosure Document, there were 216 outlets at the start of 2023 in Illinois. During 2023, 60 Buildingstars outlets opened, and 14 ceased operations for other reasons. Therefore, at the end of 2023, there were 262 Buildingstars outlets in Illinois.
For a prospective Buildingstars franchisee in Illinois, this data indicates a net growth of Buildingstars locations in Illinois during 2023. None of the closures were due to terminations, non-renewals, or re acquisitions by the franchisor. The closures are classified as 'ceased operations other reasons', which could include closures for a variety of reasons.
It is important to note that while the number of outlets increased overall, a significant number of outlets also ceased operations for other reasons. A prospective franchisee should investigate the reasons behind these closures to better understand the stability and potential challenges within the Illinois market. Understanding the specific reasons for these closures can provide valuable insights into the local market dynamics and potential risks.