In 2021, how many company-owned Crawlspace Medic outlets were sold to franchisees 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, in 2021, there were no company-owned outlets sold to franchisees in Kentucky.
The provided table outlines the status of company-owned outlets from 2021 to 2023, showing the number of outlets at the start of the year, outlets opened, reacquired, closed, and sold to franchisees, as well as the number of outlets at the end of the year. For Kentucky in 2021, the table indicates that zero company-owned Crawlspace Medic outlets were sold to franchisees.
This information is valuable for potential Crawlspace Medic franchisees as it provides insight into the company's strategy regarding company-owned stores and their transfer to franchisees. A consistent record of zero sales could suggest that Crawlspace Medic prefers to maintain company-owned stores or expand through new franchises rather than transferring existing operations.