How many Cost Cutters Family Hair Salon outlets were transferred in Idaho during 2022?
Cost_Cutters_Family_Hair_Salon Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| 2021 | 0 | |
| Illinois | 2022 | 0 |
| 2023 | 8 | |
| 2021 | 0 | |
| Idaho | 2022 | 1 |
| 2023 | 2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 67–76)
What This Means (2024 FDD)
According to Cost Cutters Family Hair Salon's 2024 Franchise Disclosure Document, there was one transfer of an outlet in Idaho during 2022. This information is based on data collected up to June 30, 2023, which marks the end of Cost Cutters' fiscal year. The data specifically refers to transfers of outlets from existing franchisees to new owners, excluding transfers back to the franchisor.
For a prospective franchisee, this indicates the level of franchise resales activity within the Cost Cutters Family Hair Salon system. A low number of transfers could suggest franchisee satisfaction and stability, while a higher number might warrant further investigation into the reasons behind the transfers. It is important to note that transfer numbers can fluctuate from year to year and vary by state.
The FDD provides a table summarizing outlet transfers over the past three fiscal years (2021-2023), broken down by state. Reviewing this table in its entirety can give potential franchisees a broader understanding of transfer trends within the Cost Cutters Family Hair Salon system and in specific geographic areas of interest.