How many Crawlspace Medic franchises in Virginia were transferred to new owners in 2021?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
|---|---|---|---|---|---|---|---|
| VA | 2021 | 0 | 2 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 2 | |
| Total | 2021 | 2 | 4 | 0 | 0 | 0 | 6 |
| 2022 | 6 | 0 | 1 | 0 | 0 | 7 | |
| 2023 | 7 | 0 | 0 | 0 | 0 | 7 |
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 no franchise resales in Virginia in 2021. The provided table, titled "Transfers of Outlets from Franchisees to New Owners (Other than the Franchisor) For Years 2021 to 2023", indicates the number of franchise resales that occurred in Virginia during that time.
The table shows that in 2021, there were zero resales of Crawlspace Medic franchises to new owners in Virginia. This means that no existing franchisees in Virginia sold their businesses to a new franchisee during that year.
For a prospective franchisee, this information can be useful in understanding the stability and transfer activity within the Crawlspace Medic franchise system in Virginia. A low number of resales could indicate franchisee satisfaction or limited opportunities to acquire existing franchises.