In 2021, how many company-owned Crawlspace Medic outlets were opened 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 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 40–42)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, one company-owned outlet was opened in Kentucky during 2021. The table provided in Item 20 details the status of company-owned outlets from 2021 to 2023.
Specifically, the table breaks down the number of outlets at the start of the year, the number opened, reacquired from franchisees, closed, sold to franchisees, and the number of outlets at the end of the year. For Kentucky in 2021, there were zero outlets at the start of the year, one outlet opened, and one outlet at the end of the year.
This information is valuable for prospective Crawlspace Medic franchisees as it provides insight into the company's growth strategy regarding company-owned versus franchised locations. It also gives a sense of the company's activity in specific states, which could be relevant when considering the potential market and competition in a given area.