How many Crawlspace Medic franchise agreements were signed but not opened in Alabama?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Column 1 | Column 2 | Column 3 | Column 4 |
|---|---|---|---|
| State | Franchise | Projected New | Projected New |
| Agreements | Franchised | Company Owned | |
| Signed But Outlet | Outlets in the Next | Outlets in the Next | |
| Not Opened | Fiscal Year | Fiscal Year | |
| Alabama | 1 | 0 | 0 |
| Indiana | 0 | 1 | 0 |
| Kentucky | 0 | 1 | 0 |
| Total | 1 | 2 | 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, as of December 31, 2023, there was one franchise agreement signed in Alabama for a Crawlspace Medic location that had not yet opened. This means that one franchisee in Alabama had committed to opening a Crawlspace Medic business but had not yet commenced operations by the end of 2023.
For a prospective franchisee, this information indicates the pace of Crawlspace Medic's expansion and market penetration. It can also suggest the level of brand awareness and acceptance in Alabama. Knowing that there is a signed agreement but not yet opened location could mean an opportunity to capture market share in that area, or it could indicate potential challenges in getting a business up and running in that specific region.
It's important to note that this data is a snapshot in time (December 31, 2023). The actual number may have changed since then. A potential franchisee should inquire about the reasons why the location hasn't opened yet and whether there are any specific hurdles to be aware of in the Alabama market. Further due diligence, including speaking with existing franchisees, is essential to assess the opportunities and challenges in that area.