How many Crawlspace Medic franchised outlets were operating at the start of 2022?
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 10 franchised outlets operating at the start of 2022. The FDD provides a table outlining the status of franchised outlets for the years 2021 to 2023. This table details the number of franchised outlets at the beginning and end of each year, as well as the net change in outlets during the year.
Specifically, the table shows that Crawlspace Medic began 2021 with 7 franchised outlets, which increased to 10 by the end of the year. In 2022, the number of franchised outlets started at 10 and grew to 14 by year's end. However, in 2023, the number remained constant at 14 throughout the year. This information is useful for prospective franchisees as it provides insight into the growth and stability of the Crawlspace Medic franchise system over the past three years.
Reviewing the number of franchise outlets opened and closed each year can help potential franchisees assess the brand's growth trajectory and stability. While past performance is not indicative of future results, this historical data can inform their decision-making process. It is also important to consider the reasons behind any closures or lack of growth in certain years, which may require further investigation and discussion with the franchisor.