How many Cornwell Quality Tools outlets were terminated in 2024?
Cornwell_Quality_Tools Franchise · 2025 FDDAnswer from 2025 FDD Document
on of debt.)
TABLE NO. 3 STATUS OF FRANCHISED OUTLETS FOR YEARS 2022 TO 2024
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Alabama | 2022 | 6 | 2 | 0 | 0 | 0 | 2 | 6 |
| 2023 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | |
| 2024 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 69–100)
What This Means (2025 FDD)
According to Cornwell Quality Tools' 2025 Franchise Disclosure Document, there were 30 terminations of franchised outlets in 2024. This number is derived from the system-wide outlet summary, which tracks the status of franchised outlets over the past three years.
For a prospective franchisee, this figure indicates the number of franchise agreements that Cornwell Quality Tools terminated without providing compensation to the franchisee. The FDD specifies that "Termination" means Cornwell terminated the franchise without providing any compensation to the franchisee (whether by payment or forgiveness or assumption of debt.)
It is important to note that terminations are different from other forms of franchise cessation, such as non-renewals or ceasing operations for other reasons. The FDD provides separate figures for these categories, allowing potential franchisees to understand the various reasons why a Cornwell Quality Tools franchise may no longer be in operation. Reviewing these numbers in the context of total outlets opened and closed can provide a more comprehensive view of franchise stability within the Cornwell Quality Tools system.