How many franchised Crawlspace Medic outlets were operating at the start of 2021?
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 |
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 7 franchised outlets operating at the start of 2021. By the end of 2021, this number increased to 10, representing a net change of +3 for that year. This indicates that Crawlspace Medic experienced growth in its franchise network during 2021.
For a prospective franchisee, this data point provides insight into the historical growth and size of the Crawlspace Medic franchise system. Knowing the number of outlets at the beginning of 2021 helps to understand the brand's footprint and market presence at that time. The subsequent increase during the year suggests that new franchisees were joining the system, which could be seen as a positive sign of the brand's attractiveness and potential for expansion.
However, it's important to consider this information in the context of other factors, such as the number of company-owned outlets, the overall growth trends in subsequent years, and the reasons behind any closures or transfers. A comprehensive understanding of the franchise system's dynamics requires analyzing multiple years of data and considering various factors that can influence the number of operating outlets.