In what year did Crawlspace Medic open its first outlet in Tennessee?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| | | | | | Operation | | | Table No. 4
Status of Company Owned* Outlets For Years 2021 to 2023
| Col. 1 State | Col. 2 Year | Col. 3 Outlets at Start of Year | Col. 4 Outlets Opene d | Col. 5 Outlets Reacquire d from Franchise es | Col. 6 Outlets Closed | Col. 7 Outlets Sold to Franchise es | Col. 8 Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| KY | 2021 | 0 | 1 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
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 first outlet in Tennessee opened in 2021. The table provided in Item 20 shows the status of company-owned outlets from 2021 to 2023. In 2021, there were zero outlets at the start of the year, and one outlet opened, resulting in one outlet at the end of the year.
In 2022 and 2023, there were no additional outlets opened in Tennessee, with the number of outlets remaining at one for both years. This indicates that the initial expansion into Tennessee occurred in 2021, and there were no further openings or closures in the subsequent two years, at least for company-owned stores.
For a prospective franchisee, this information is useful for understanding the growth and stability of Crawlspace Medic in specific states. The data helps to identify markets where the brand has established a presence and where there may be opportunities for further expansion. It is important to note that this table specifically refers to company-owned outlets, and the opening dates of franchised locations may differ.