How many company-owned Crawlspace Medic outlets were closed in North Carolina during 2022 for Crawlspace Medic?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| | | | | | Operation | | | Table No. 4
Status of Company Owned* Outlets For Years 2021 to 2023
| 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 | |
| NC | 2021 | 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, there were no company-owned Crawlspace Medic outlets closed in North Carolina during 2022. The provided table in Item 20 outlines the outlet status from 2021 to 2023. Specifically, for North Carolina in 2022, the table indicates that there was one outlet at the start of the year, and zero outlets were closed, leaving one outlet at the end of the year.
This data point is crucial for prospective franchisees as it provides insight into the stability and performance of company-owned stores in North Carolina. The absence of closures suggests a degree of operational success or strategic stability within the company-owned locations in that state during the specified period.
It is important to note that this information pertains only to company-owned outlets and does not reflect the performance or closures of franchisee-owned locations. Franchisees should also consider other factors, such as market conditions and overall economic trends, when evaluating the potential success of a Crawlspace Medic franchise in North Carolina.