How many Creative World School franchises were transferred in Florida during 2024?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Florida | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| 2022 | 0 | |
| Total | 2023 | 0 |
| 2024 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 75–80)
What This Means (2025 FDD)
According to Creative World School's 2025 Franchise Disclosure Document, there was one franchise transferred in Florida during 2024. This information is crucial for potential franchisees as it provides insight into the stability and desirability of existing Creative World School franchises. A transfer occurs when a current franchisee sells their business to a new owner, which can happen for various reasons, such as retirement, relocation, or a change in business interests.
The number of transfers can be an indicator of franchisee satisfaction or the overall health of the franchise system. A low number of transfers, as seen in Florida for 2024, might suggest that franchisees are generally content with their businesses and that there is a stable market for Creative World School franchises. However, it is essential to consider this data in conjunction with other factors, such as the number of outlets opened and closed, to get a comprehensive understanding of the franchise's performance.
Prospective franchisees should investigate the reasons behind any franchise transfers to better assess the opportunities and risks involved. Understanding why a franchise was transferred can provide valuable insights into potential challenges or benefits of owning a Creative World School in a specific location. This information, combined with discussions with current and former franchisees, can help a potential franchisee make a more informed decision.