What was the net change in the number of franchised City Publications outlets during 2023?
City_Publications 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 | 37 | -2 |
| 2023 | 37 | 36 | -1 | |
| 2024 | 36 | 40 | +4 | |
| Company Owned | 2022 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | |
| 2043 | 0 | 0 | 0 | |
| Total Outlets | 2022 | 39 | 37 | -2 |
| 2023 | 37 | 36 | -1 | |
| 2024 | 36 | 40 | +4 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION Systemwide Outlet Summary For years 2022 to 2024 (FDD pages 32–38)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, the net change in the number of franchised outlets during 2023 was a decrease of one outlet. At the start of 2023, there were 37 franchised outlets, and by the end of the year, the number had decreased to 36.
This decrease could be due to several factors, such as franchise terminations, non-renewals, or transfers that were not replaced by new franchise openings. For a prospective franchisee, this information highlights the importance of understanding the reasons behind outlet closures and the overall health of the franchise system. A declining number of outlets could indicate challenges within the system that need to be addressed.
It is important to note that while the total number of franchised outlets decreased, five new outlets opened during 2023. This suggests that while some franchisees may have left the system, City Publications was still able to attract new franchisees. A prospective franchisee should investigate the reasons for both the openings and closures to get a comprehensive understanding of the franchise's performance and stability.