How many total Crawlspace Medic outlets were operating at the end 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 | |
| Company – | 2021 | 2 | 6 | +4 |
| Owned* | ||||
| 2022 | 6 | 7 | +1 | |
| 2023 | 7 | 7 | 0 | |
| Total | 2021 | 9 | 16 | +7 |
| Outlets | ||||
| 2022 | 16 | 24 | +5 | |
| 2023 | 24 | 24 | 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 a total of 24 outlets operating at the end of 2022. This number includes both franchised and company-owned outlets.
Specifically, the FDD indicates that there were 14 franchised outlets and 7 company-owned outlets at the close of 2022. This represents a net increase of 4 franchised and 1 company-owned outlets during that year.
For a prospective franchisee, this information provides insight into the growth and composition of the Crawlspace Medic system. It demonstrates the relative proportion of franchised versus company-owned locations, and the overall expansion rate of the brand. This data is crucial for understanding the potential market penetration and brand recognition in different areas.