How many Crawlspace Medic outlets were transferred from franchisees to new owners in 2023?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
2023 | 24 | 24 | 0 | * Company-owned stores are operated by affiliated entities.
Table No. 2
Transfers of Outlets from Franchisees to New Owners (Other than the Franchisor) For Years 2021 to 2023
| State | Year | Number of Transfers |
|---|---|---|
| GA | 2021 | 0 |
| 2022 | 1 | |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 40–42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic Franchise Disclosure Document, there were zero transfers of outlets from franchisees to new owners during 2023. The provided table, titled "Transfers of Outlets from Franchisees to New Owners (Other than the Franchisor) For Years 2021 to 2023", indicates that in 2023, there were no transfers in the state of Georgia, and the total number of transfers across all locations was also zero.
This information is relevant for prospective franchisees as it provides insight into the stability and transferability of Crawlspace Medic franchises. A low number of transfers could indicate franchisee satisfaction or effective franchisor support. Conversely, a high number might suggest challenges within the franchise system.
It is important to note that this table specifically refers to transfers to new owners other than the franchisor. This means that if Crawlspace Medic reacquired any franchises, those transactions would not be included in this particular table. A prospective franchisee may want to inquire about franchise reacquisitions to get a complete picture of franchise turnover.