How many Cost Cutters Family Hair Salon outlets were transferred in Illinois 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 |
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 were no outlet transfers in Illinois during the year 2022.
Specifically, the provided table, titled "TRANSFERS OF OUTLETS FROM FRANCHISEES TO NEW OWNERS (Other than the Franchisor) For Years ending June 30, 2021, 2022 and 2023," indicates that the "Number of Transfers" in Illinois during 2022 was 0.
This information is relevant for prospective franchisees as it provides insight into the ownership changes within the Cost Cutters Family Hair Salon system. A high number of transfers could indicate instability or dissatisfaction among franchisees, while a low number, as in the case of Illinois in 2022, might suggest stability within the market.