What was the total net change in the number of Crawlspace Medic outlets (franchised and company-owned) during 2021?
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 | 10 | +3 |
| 2022 | 10 | 14 | +4 | |
| 2023 |
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 total net change in the number of outlets during 2021 was an increase of 7. This includes both franchised and company-owned locations. At the start of 2021, there were 9 total outlets, which increased to 16 by the end of the year.
Specifically, the number of franchised Crawlspace Medic outlets increased by 3, from 7 at the beginning of 2021 to 10 by the end of the year. The number of company-owned outlets increased by 4, growing from 2 at the start of 2021 to 6 by the end of the year.
This information is useful for potential franchisees as it provides insight into the growth and expansion of the Crawlspace Medic system. A positive net change suggests that the franchise is growing and attracting new franchisees, which can be a positive indicator for prospective investors.