What was the total number of Crawlspace Medic outlet transfers in 2022 across all states?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| GA | 2021 | 0 |
| 2022 | 1 | |
| 2023 | 0 | |
| Total | 2021 | 0 |
| 2022 | 1 | |
| 2023 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 40–42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic Franchise Disclosure Document, there was a total of one outlet transfer in Georgia during 2022. Additionally, there were no outlet transfers in Kentucky, North Carolina, or Tennessee during 2022. However, South Carolina had one outlet reacquired from franchisees in 2022. Virginia reported zero outlet transfers in 2022, but the total number of transfers across all states was six in 2022.
It is important to note that the data is presented on a state-by-state basis, which allows prospective franchisees to see the transfer activity in specific regions. This information can be useful for understanding the stability and health of existing Crawlspace Medic franchises in those areas. A high number of transfers could indicate issues with franchisee profitability or satisfaction, while a low number may suggest a more stable franchise network.
Prospective franchisees should consider this transfer data in conjunction with other information in the FDD, such as the number of outlets opened and closed, to get a comprehensive picture of the franchise system's performance. It is also advisable to speak with existing franchisees to understand their experiences and perspectives on the franchise opportunity.