What was the net change in the number of company-owned Crawlspace Medic outlets during 2022?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
TS AND FRANCHISEE INFORMATION**
Table No. 1
System-wide Outlet Summary For Years 2021 to 2023
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 7 |
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 2022 was an increase of one location. At the start of 2022, Crawlspace Medic had 6 company-owned outlets, and by the end of the year, this number had increased to 7.
This information is relevant for prospective franchisees as it provides insight into the growth and management strategies of Crawlspace Medic. Company-owned stores can serve as models for franchisees, demonstrating operational best practices and potential revenue generation. The growth in company-owned stores may also indicate the franchisor's confidence in the brand and its business model.
However, it's important to note that the performance of company-owned stores may not be directly indicative of franchisee performance due to factors such as location, management expertise, and local market conditions. Prospective franchisees should conduct their own due diligence and market research to assess the potential for success in their specific territory.