What were the Crawlspace Medic - Nashville revenues in 2021?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
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NOTE C -- ROYALTY FEES RECEIVABLE
Royalty fees receivable consist of the following at December 31:
| Location | 2022 | 2021 | 2020 | |||
|---|---|---|---|---|---|---|
| Crawlspace Medic - | $ | - | $ | 3,880 | $ 5,239 | |
| Charlotte | ||||||
| Crawlspace Medic - | - | 4,448 | 6,492 | |||
| Columbia | ||||||
| Crawlspace Medic - | - | 1,644 | - | |||
| Nashville | ||||||
| Cr |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, the Crawlspace Medic - Nashville location had revenues of $1,644 in 2021. This figure is part of a table that summarizes revenues for various corporate locations for the years 2020, 2021, and 2022. Note that the Nashville location is not listed for 2020.
It's important to recognize that this revenue figure pertains to a specific corporate-owned location in Nashville, not necessarily a franchised location. This data provides a limited snapshot of potential revenue performance in that market. A prospective franchisee should investigate further to understand the factors influencing this revenue and how it might translate to a franchised operation.
It is also important to note that the table includes revenues for other corporate locations such as Charlotte and Columbia. Reviewing the performance of these locations may provide additional context, but it is crucial to understand the specific market dynamics in each area. Factors such as local demographics, competition, and marketing efforts can significantly impact revenue.
Prospective franchisees should directly consult Crawlspace Medic to gain a deeper understanding of the Nashville market and the factors that could influence the revenue potential of a franchise in that area. Requesting additional data, such as more recent performance figures or detailed explanations of the corporate location's operations, would be beneficial.