How many Christies International Real Estate outlets closed in California during 2022?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
| Column 1 | Column 2 | Column 3 | Column 4 | Column 5 | Column 6 | Column 7 | Column 8 | Column 9 |
|---|---|---|---|---|---|---|---|---|
| State | Year | Outlets at the Start of the Year | Outlets Opened | Termina tions | Non Renewals | Reacquired by Franchisor | Ceased Operations / Other Reasons | Outlets at the End of the Year |
| Arizona | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Column 1 | Column 2 | Column 3 | Column 4 | Column 5 | Column 6 | Column 7 | Column 8 | Column 9 |
| State | Year | Outlets at the Start of the Year | Outlets Opened | Termina tions | Non Renewals | Reacquired by Franchisor | Ceased Operations / Other Reasons | Outlets at the End of the Year |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| California | 2022 | 4 | 1 | 0 | -3 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 0 | -1 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Colorado | 2022 | 1 | 0 | 0 |
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, there were zero outlet closures in California during 2022. The table provided in Item 20 outlines the changes in the number of outlets across various states. Specifically for California in 2022, there were 4 outlets at the start of the year, 1 outlet opened, no outlets were reacquired, zero outlets closed, no outlets were sold to franchisees, and 3 non-renewals, resulting in 2 outlets at the end of the year.
This data point is crucial for prospective franchisees as it provides insight into the stability and performance of Christies International Real Estate franchises in California. A high number of closures could indicate potential challenges or lack of support within the region, while a low number, as is the case here, suggests a more stable business environment.
It is important to note that the table also lists "non-renewals," which are distinct from closures. Non-renewals occur when a franchisee chooses not to extend their franchise agreement at the end of its term, which can also impact the overall network size and brand presence in a given area. Understanding the reasons behind non-renewals, in addition to closures, can provide a more comprehensive view of franchisee satisfaction and the health of the Christies International Real Estate system.