What was the net change in the number of Crawlspace Medic franchised outlets during 2023?
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 2023 was 0. This means that the number of Crawlspace Medic franchised locations remained the same throughout the year.
Specifically, the number of franchised outlets started at 14 at the beginning of 2023 and ended at 14 at the end of the year. This indicates that while there may have been openings or closures during the year, the overall number of franchised locations did not increase or decrease.
For a prospective franchisee, this data point could suggest stability in the franchise system, but it's important to investigate further. A flat net change could mask individual store performance variations, such as some franchisees closing locations while others opened new ones. It would be prudent to ask Crawlspace Medic about the specific reasons for this lack of net growth and to understand the performance trends of individual franchisees during that period.