In 2021, how many company-owned Crawlspace Medic outlets were closed in Kentucky?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Col. 1 State | Col. 2 Year | Col. 3 Outlets at Start of Year | Col. 4 Outlets Opene d | Col. 5 Outlets Reacquire d from Franchise es | Col. 6 Outlets Closed | Col. 7 Outlets Sold to Franchise es | Col. 8 Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| KY | 2021 | 0 | 1 | 0 | 0 | 0 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 40–42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic Franchise Disclosure Document, there were no company-owned Crawlspace Medic outlets closed in Kentucky during 2021. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023. In Kentucky, at the start of 2021, there were no company-owned outlets. During 2021, one company-owned outlet was opened, and none were closed. Therefore, at the end of 2021, there was one company-owned Crawlspace Medic outlet in Kentucky.
This data is useful for prospective franchisees to understand the historical performance and stability of company-owned stores in specific states. The fact that no stores were closed in Kentucky during the period may be seen as a positive indicator. However, it is important to note that this is just one data point and should be considered alongside other factors such as market conditions, competition, and overall business strategy.
It is also important to note that company-owned stores are operated by affiliated entities, as indicated in the FDD. This means that the performance of these stores may not be directly indicative of the potential performance of a franchised location, as the operational structures and management may differ. Franchisees should conduct their own due diligence and market research to assess the viability of a Crawlspace Medic franchise in their desired location.