How many Cost Cutters Family Hair Salon outlets were transferred in Kentucky during 2021?
Cost_Cutters_Family_Hair_Salon Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| 2021 | 0 | |
| Kentucky | 2022 | 0 |
| 2023 | 4 |
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 zero transfers of outlets in Kentucky during 2021. This data is based on the table summarizing transfers of outlets from franchisees to new owners for the years ending June 30, 2021, 2022, and 2023.
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 Kentucky in 2021, might suggest stability within the market.
However, it is important to consider that this data only reflects transfers to new owners and does not include closures, non-renewals, or other forms of turnover. Reviewing additional data points in the FDD, such as terminations and non-renewals, will provide a more comprehensive understanding of outlet turnover within the Cost Cutters Family Hair Salon system.