How many Cost Cutters Family Hair Salon outlets were transferred in Illinois during 2021?
Cost_Cutters_Family_Hair_Salon Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| 2021 | 0 | |
| Illinois | 2022 | 0 |
| 2023 | 8 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 67–76)
What This Means (2024 FDD)
According to the 2024 Cost Cutters Family Hair Salon Franchise Disclosure Document, there were zero transfers of Cost Cutters Family Hair Salon outlets in Illinois during the fiscal year 2021. This means that no existing franchises in Illinois were sold to new owners during that period.
This information is relevant for prospective franchisees as it provides insight into the stability and turnover of Cost Cutters Family Hair Salon franchises in Illinois. A low number of transfers could indicate that franchisees are generally satisfied with their businesses and are not looking to sell. Conversely, a high number of transfers might raise concerns about the profitability or support provided to franchisees in that state.
It is important to note that this data reflects transfers to new owners other than the franchisor. The franchisor may have reacquired some outlets, but those transactions are not included in the transfer data. A prospective franchisee should also consider this information in conjunction with other data in Item 20, such as the number of outlets opened, closed, and reacquired by the franchisor, to get a comprehensive understanding of the franchise network's dynamics.