How many Cost Cutters Family Hair Salon outlets were transferred in Ohio during 2022?
Cost_Cutters_Family_Hair_Salon Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| 2021 | 0 | |
| Ohio | 2022 | 1 |
| 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 was one transfer of a Cost Cutters Family Hair Salon outlet in Ohio during 2022. This figure represents the number of existing franchise locations that were sold to a new owner, not including re-acquisitions by the franchisor.
This information is relevant for prospective franchisees as it provides insight into the resale market for Cost Cutters Family Hair Salon franchises. A higher number of transfers might indicate a more liquid market, where franchisees can exit their business by selling to another party. Conversely, a low number could suggest fewer opportunities to resell.
It is important to note that transfers do not necessarily reflect the profitability or success of the franchise. Franchisees may choose to sell for a variety of personal or business-related reasons. Reviewing transfer data in conjunction with other performance metrics, such as closures and renewals, can provide a more comprehensive understanding of the franchise system's health.