What was the net change in the number of franchised Christies International Real Estate outlets during 2024?
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, the net change in the number of franchised outlets during 2024 was a decrease of 3. The number of franchised outlets started the year 2024 at 36 and ended the year at 33.
This means that overall, the Christies International Real Estate franchise system experienced a slight contraction in its franchised locations during that year. Potential franchisees should inquire about the reasons for this decrease, such as closures, terminations, or non-renewals, to better understand the health and stability of the franchise system. Understanding the dynamics behind outlet changes can provide valuable insights into the challenges and opportunities within the Christies International Real Estate network.
It's important to note that this net change reflects the overall system performance, and individual franchisee experiences may vary. Prospective franchisees should also consider factors such as regional performance, local market conditions, and the franchisor's support in evaluating the potential success of a Christies International Real Estate franchise.