How many company-owned Crawlspace Medic outlets did South Carolina have at the end of 2022?
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, South Carolina had 2 company-owned outlets at the end of 2022. The table provided in Item 20 includes information about the number of outlets at the start and end of each year from 2021 to 2023. This data is broken down by state.
For a prospective franchisee, this information indicates the growth and presence of company-owned Crawlspace Medic locations in South Carolina. It shows that in 2022, one outlet was reacquired from a franchisee, increasing the total number of company-owned stores from 1 to 2 during that year.
It's important to note that these company-owned stores are operated by affiliated entities, as indicated in the footnote. This distinction could have implications for how these locations are managed and their relationship with franchised locations. Franchisees may want to inquire about the operational dynamics between company-owned and franchised locations to understand any potential competitive or collaborative aspects.