How many Christies International Real Estate outlets in Michigan were terminated in 2022?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
-------|------------------|-----------------|--------------------------------|--------------------------------------------|--------------------------------------| | 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 | C
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, one outlet in Michigan was terminated in 2022. The table provided in Item 20 outlines the changes in outlet numbers across various states. Specifically, for Michigan in 2022, it indicates that there were two outlets at the start of the year, one outlet opened, and one termination, resulting in two outlets at the end of the year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Christies International Real Estate franchises in specific regions. A high number of terminations could indicate underlying issues within the franchise system or market-specific challenges. Conversely, a low number of terminations, as seen in Michigan, might suggest a more stable and successful market presence.
Prospective franchisees should further investigate the reasons behind any terminations to fully understand the risks and opportunities associated with investing in a Christies International Real Estate franchise in a particular state. Understanding these trends can help franchisees make informed decisions and prepare for potential challenges in their chosen market.