In 2021, how many company-owned Crawlspace Medic outlets were at the start of the year 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 FDD, there were zero company-owned Crawlspace Medic outlets at the start of 2021 in Kentucky. The FDD provides a table outlining the status of company-owned outlets for the years 2021 to 2023, including the number of outlets at the start of the year, those opened, reacquired, closed, or sold, and the number at the end of the year.
For a prospective franchisee, this data indicates the company's direct operational presence and changes in specific states. The absence of company-owned stores in Kentucky at the beginning of 2021, followed by the opening of one during the year, suggests a potential area of growth or testing for the Crawlspace Medic business model in that state.
Reviewing this table over multiple years can reveal trends in the company's strategy regarding company-owned versus franchised locations, which can be a valuable insight for anyone considering investing in a Crawlspace Medic franchise. It is important to note that company-owned stores are operated by affiliated entities.