How many Crawlspace Medic outlets were operating in North Carolina at the end of 2023?
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, there was one Crawlspace Medic outlet operating in North Carolina at the end of 2023. The FDD provides a table outlining the number of outlets per state for the years 2021, 2022, and 2023.
Specifically for North Carolina, the table shows that at the start of 2023, there was one outlet. Throughout 2023, no additional outlets were opened, reacquired, or sold to franchisees, and no outlets closed. Therefore, the number of Crawlspace Medic outlets in North Carolina remained constant at one for the entire year.
This information is useful for prospective franchisees as it provides insight into the existing market presence of Crawlspace Medic in North Carolina. A single outlet may indicate an opportunity for growth and expansion within the state, but it also suggests that the brand may not yet be widely recognized in the area. Further research into the performance and market penetration of the existing outlet would be beneficial for anyone considering a Crawlspace Medic franchise in North Carolina.