How many company-owned Christies International Real Estate outlets were operating at the end of 2023?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised* | 2022 | 39 | 33 | -6 |
| 2023 | 33 | 36 | 3 | |
| 2024 | 36 | 33 | -3 | |
| Company-Owned | 2022 | 1 | 3 | 2 |
| 2023 | 3 | 3 | 0 | |
| 2024 | 3 | 3 | 0 | |
| Total Outlets | 2022 | 40 | 36 | -4 |
| 2023 | 36 | 39 | 3 | |
| 2024 | 39 | 36 | -3 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 47–53)
What This Means (2025 FDD)
According to Christies International Real Estate's 2025 Franchise Disclosure Document, at the end of 2023, there were 3 company-owned outlets. This number remained consistent with the start of the year, indicating no net change in company-owned outlets during that period. This information is crucial for prospective franchisees as it provides insight into the operational structure of Christies International Real Estate, specifically the balance between franchised and company-owned locations.
The FDD also provides data for 2022 and 2024, allowing for a trend analysis of company-owned versus franchised outlets. In 2022, Christies International Real Estate had 1 company-owned outlet at the start of the year, which increased to 3 by year-end. For 2024, the number of company-owned outlets remained steady at 3 throughout the year.
Understanding the number and changes in company-owned outlets can help potential franchisees gauge the franchisor's investment and operational strategies. A higher number of company-owned outlets might suggest a greater degree of control and direct involvement by Christies International Real Estate in the market, while a lower number could indicate a stronger focus on franchising as the primary mode of expansion.