table_specific

How many Cost Cutters Family Hair Salon outlets were transferred in Massachusetts during 2023?

Cost_Cutters_Family_Hair_Salon Franchise · 2024 FDD

Answer from 2024 FDD Document

State Year Number of Transfers
2021 0
Massachusetts 2022 7
2023 0

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 Massachusetts during the fiscal year 2023. This information is based on the table summarizing transfers of outlets from franchisees to new owners. The table provides a state-by-state breakdown of the number of transfers that occurred in 2021, 2022, and 2023.

For a prospective franchisee, a low number of transfers could indicate stability within the franchise system in that state. However, it could also mean there's a limited resale market if franchisees are struggling and unable to sell their locations. It is important to consider this information in conjunction with other data, such as closures and non-renewals, to get a comprehensive view of the health of the Cost Cutters Family Hair Salon franchise system in Massachusetts.

It is also worth noting that the data reflects transfers to new owners other than the franchisor. This means that if Cost Cutters Family Hair Salon reacquired any franchises in Massachusetts, those transactions would not be included in the transfer numbers. A prospective franchisee should inquire about reacquired locations to understand the full picture of ownership changes.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.