How many company-owned Crawlspace Medic outlets were operating at the end of 2023?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 7 | 10 | +3 |
| 2022 | 10 | 14 | +4 | |
| 2023 | 14 | 14 | 0 | |
| Company – | 2021 | 2 | 6 | +4 |
| Owned* | ||||
| 2022 | 6 | 7 | +1 | |
| 2023 | 7 | 7 | 0 | |
| Total | 2021 | 9 | 16 | +7 |
| Outlets | ||||
| 2022 | 16 | 24 | +5 | |
| 2023 | 24 | 24 | 0 |
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, at the end of 2023, there were 7 company-owned outlets. The FDD provides a system-wide outlet summary that includes both franchised and company-owned locations.
The table shows the changes in the number of company-owned Crawlspace Medic outlets over the past three years. In 2021, the number of company-owned outlets increased from 2 to 6. In 2022, the number increased from 6 to 7. In 2023, there was no change, with the number remaining at 7.
It is important to note that the company-owned stores are operated by affiliated entities. This information is useful for prospective franchisees to understand the composition of the Crawlspace Medic system and the balance between franchised and company-operated locations. Understanding the number of company-owned stores can provide insight into the franchisor's direct involvement in the business and how they operate their own outlets.