What was the net change in the number of Crawlspace Medic company-owned 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 outlet. Specifically, the number of company-owned Crawlspace Medic outlets started at six at the beginning of 2022 and ended the year at seven.
This information is valuable for prospective franchisees as it provides insight into the growth and management of company-owned stores, which can be compared to the growth of franchised locations. Observing the changes in both company-owned and franchised outlets can indicate the overall health and expansion strategy of Crawlspace Medic.
It's important to note that company-owned stores are operated by affiliated entities, as indicated elsewhere in the Item 20 disclosures. This detail suggests that Crawlspace Medic may utilize a different operational or management structure for its company-owned locations compared to its franchised locations. Franchisees should inquire about the performance metrics and operational strategies of both types of outlets to gain a comprehensive understanding of the Crawlspace Medic business model.