How many Crawlspace Medic outlets were reacquired from franchisees in South Carolina during 2022?
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 | |
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, one outlet in South Carolina was reacquired from a franchisee during 2022. This information is part of a larger table detailing outlet activity across different states and years. The table provides a year-by-year breakdown of the number of outlets at the start and end of the year, as well as changes due to openings, re acquisitions, closures, and sales to franchisees. This data helps prospective franchisees understand the dynamics of the Crawlspace Medic franchise system in terms of outlet ownership changes.
The reacquisition of a franchise could occur for various reasons, such as the franchisee's failure to meet performance standards, a mutual agreement between the franchisee and Crawlspace Medic, or other business-related factors. For a potential franchisee, it's important to understand the reasons behind re acquisitions, as they could indicate potential challenges or risks within the franchise system. Investigating the specific circumstances surrounding re acquisitions can provide valuable insights into the health and stability of the franchise network.
It is also important to note that while one franchise was reacquired in South Carolina during 2022, no franchises were closed. This suggests that Crawlspace Medic was able to take over the location and continue operations, rather than shutting it down completely. This could be a positive sign for prospective franchisees, as it indicates that Crawlspace Medic is committed to maintaining a presence in the market, even if a franchisee is no longer able to operate the business. Furthermore, the FDD indicates that in 2022, Crawlspace Medic reacquired a total of 1 outlet from franchisees across all states.