How many Christies International Real Estate outlets closed in Illinois during 2022?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
Real Estate was granted an option to expand into Wyoming in 2022, but currently does not have an outlet in Wyoming.
TABLE NUMBER 4 Status of Company-Owned Outlets
| Column 1 | Column 2 | Column 3 | Column 4 | Column 5 | Column 6 | Column 7 | Column 8 |
|---|---|---|---|---|---|---|---|
| State | Year | Outlets at the Start of the Year | Outlets Opened | Outlets Reacquired From Franchisees | Outlets Closed | Outlets Sold to Franchisees | Outlets at the End of the Year |
| California | 2022 | 0 | 1 | 0 | 0 | 0 | 1 |
| Column 1 |
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 no outlet closures in Illinois during 2022. The table provided indicates that at the start of 2022, there were zero outlets in Illinois. During 2022, one outlet opened. There were no outlets reacquired from franchisees, no outlets closed, and no outlets sold to franchisees. Therefore, at the end of 2022, there was one outlet in Illinois.
This information is useful for prospective franchisees as it provides a historical view of franchise activity within Illinois. The absence of closures could be interpreted positively, suggesting stability or growth within the state. However, it's important to consider that this is just one year of data and that the presence of only one outlet makes it difficult to draw definitive conclusions about the market's performance.
It is important for potential Christies International Real Estate franchisees to further investigate the reasons behind these numbers, such as market conditions, the performance of the specific outlet that opened, and the overall brand presence in Illinois. This will help them make an informed decision about investing in a franchise in that state.