What was the net change in the number of Crawlspace Medic company-owned outlets during 2021?
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, the net change in the number of company-owned outlets during 2021 was an increase of 4. The FDD outlines the changes in both franchised and company-owned outlets over a three-year period. This information is crucial for potential franchisees to understand the growth and stability of the Crawlspace Medic brand.
The data reveals that Crawlspace Medic started 2021 with 2 company-owned outlets and ended the year with 6, resulting in the net increase of 4. This indicates a positive expansion of company-operated locations during that year. Reviewing these trends over multiple years, as presented in the FDD, can provide insights into the company's strategic approach to growth, whether it leans more towards franchising or corporate expansion.
For a prospective franchisee, this information is valuable in assessing the overall health and direction of the Crawlspace Medic franchise system. A combination of franchised and company-owned locations can suggest a balanced approach to market penetration and brand management. It's important to consider these figures in conjunction with other factors, such as franchise fees, royalties, and support systems, to make an informed investment decision.