How many Christies International Real Estate outlets were operating in Michigan at the start of 2023?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
-|---------------------| | State | Year | Number of Transfers | | TOTAL | 2022 | 0 | | | 2023 | 0 | | | 2024 | 0 |
TABLE NUMBER 3 Status of Franchised Outlets
| 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 |
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 2 outlets operating in Michigan at the start of 2023. The table provided in Item 20 outlines the status of outlets, including openings, terminations, and closures, across various states. This information is crucial for potential franchisees as it offers a glimpse into the brand's performance and stability in different markets.
The data reveals that during 2023, Christies International Real Estate in Michigan experienced the termination of one outlet. Consequently, the number of outlets at the end of 2023 decreased to 1. This detail is important for prospective franchisees to consider, as terminations can indicate market challenges or franchisee-specific issues. Investigating the reasons behind such terminations can provide valuable insights.
For a prospective Christies International Real Estate franchisee, this data underscores the importance of conducting thorough market research and understanding the dynamics of the real estate market in Michigan. It also highlights the need to evaluate the factors that may have contributed to the termination of an outlet, ensuring they are well-prepared to navigate potential challenges and capitalize on opportunities in the region.