How many company-owned Crawlspace Medic outlets did South Carolina reacquire from franchisees in 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, in 2022, Crawlspace Medic reacquired 1 outlet from franchisees in South Carolina. This indicates that one previously franchised location in South Carolina was taken back under company control during that year.
For a potential franchisee, this information is relevant for understanding the stability and changes within the Crawlspace Medic franchise system. Reacquisitions can occur for various reasons, such as the franchisee's failure to meet performance standards, a mutual agreement to terminate the franchise agreement, or strategic decisions by the franchisor.
It is important to note that while this data provides a historical snapshot, it does not necessarily predict future trends. A prospective franchisee should inquire about the reasons behind any reacquisitions and the overall health and performance of franchised locations to gain a comprehensive understanding of the franchise system.