What was the net change in the number of franchised Crawlspace Medic outlets during 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 |
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 franchised outlets during 2022 was an increase of 4. Specifically, the number of franchised Crawlspace Medic outlets started at 10 at the beginning of 2022 and ended the year at 14. This indicates growth in the franchise system.
For a prospective franchisee, this information is useful in assessing the growth and stability of the Crawlspace Medic franchise system. A positive net change suggests that the franchise is expanding and attracting new franchisees. However, it's important to consider this figure in the context of other factors, such as the number of outlets that closed or terminated their agreements during the same period, to get a more comprehensive understanding of the franchise's performance.
It is also important to note that past performance is not necessarily indicative of future results. While the increase in franchised outlets in 2022 is a positive sign, prospective franchisees should conduct their own due diligence and consider various factors, including market conditions and competition, before making a decision to invest in a Crawlspace Medic franchise.