What was the net change in the total number of Christies International Real Estate outlets during 2022?
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 total number of outlets experienced a net decrease of 4 in 2022. Specifically, the number of outlets started the year at 40 and ended the year at 36. This change includes both franchised and company-owned outlets.
In 2022, the number of franchised outlets decreased by 6, starting the year with 39 and ending with 33. Conversely, the number of company-owned outlets increased by 2, beginning with 1 and ending with 3.
For a prospective franchisee, this data indicates a contraction in the overall network size of Christies International Real Estate in 2022, with a decline in franchised locations partially offset by an increase in company-owned locations. This could signal a strategic shift in the company's operational model or reflect market conditions during that period. It would be prudent for potential franchisees to inquire about the reasons behind these changes and the current growth strategy of Christies International Real Estate.