How many Buildingstars outlets opened in New Jersey during 2024?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlets at Start of | Outlets | Termina | Non | Reacquired by | Ceased Operations - | Outlets at End of the | ||
|---|---|---|---|---|---|---|---|---|
| State | Year | Year | Opened | tions | Renewals | Franchisor | Other Reasons | Year |
| 2022 | 56 | 22 | 0 | 0 | 0 | 12 | 66 | |
| NJ | 2023 | 66 | 39 | 0 | 0 | 0 | 15 | 90 |
| 2024 | 90 | 47 | 0 | 0 | 0 | 23 | 114 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 34–43)
What This Means (2025 FDD)
According to Buildingstars' 2025 Franchise Disclosure Document, 47 outlets opened in New Jersey during 2024. The table provided in Item 20 outlines the outlet summary from 2022 to 2024, showing the number of outlets at the start of the year, the number opened, terminations, non-renewals, outlets reacquired by the franchisor, those that ceased operations for other reasons, and the total outlets at the end of the year.
For a prospective Buildingstars franchisee, this data indicates the growth and changes within the New Jersey market. Observing the number of outlets opened versus those that ceased operations can provide insights into the stability and potential challenges in the region. The 'Ceased Operations - Other Reasons' category suggests factors beyond terminations or non-renewals that might affect franchise viability, such as economic conditions or local market issues.
It's important to note that while 47 new Buildingstars locations opened in New Jersey during 2024, 23 ceased operations for other reasons. This resulted in a net increase of 24 units for the year. Reviewing these trends over several years, as the table provides, can offer a more comprehensive understanding of the market dynamics and potential risks involved in operating a Buildingstars franchise in New Jersey. This information is valuable for assessing the overall health and growth potential of the franchise system in that specific state.