In 2024, how many detached Units were closed by Epcon Communities franchisees?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
The data used to calculate the information presented below is from sales data for Units being sold in 57 projects that were built by franchisees for detached Units. This data is collected each month in the form of a monthly closing report, either directly from the franchisee or as obtained by searching county property records where the project is located. Twenty-seven (27) franchisees2 reported closing data in 2024. We have reported data for 546 total detached Unit closings across 57 projects from 27 franchisees and used that data for purposes of preparing this Item 19. No data from franchisees was excluded from Item 19 as a result of their termination or as a result of the closure of their franchised businesses during their first year of operation.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATION (FDD pages 69–79)
What This Means (2025 FDD)
According to Epcon Communities' 2025 Franchise Disclosure Document, franchisees closed a total of 546 detached Units across 57 projects in 2024. This data was reported by 27 franchisees and is based on monthly closing reports or county property records. Epcon Communities used this information to compile the financial performance representations in Item 19 of the FDD.
This figure represents the total number of detached Units sold by franchisees, which Epcon Communities uses to calculate averages, medians, and other financial performance metrics. These metrics include settlement prices and absorption rates, which are disclosed in Item 19. The absorption rate is the pace of closings per month on the sales of Units in a project. Any project that closed detached Units in 2024 is used in calculating the absorption rates.
It is important to note that Epcon Communities only offers new franchises the right to develop detached Units, except in limited circumstances for existing franchisees. Therefore, the data presented focuses on detached Units to provide relevant financial performance information for prospective franchisees. The 546 detached units were part of a larger total of 625 units closed by franchisees in 2024.
Prospective franchisees should consider this number in the context of the financial performance representations provided in Item 19, including the range of settlement prices and absorption rates. Understanding the number of detached Units closed by franchisees helps in evaluating the potential market activity and sales volume that can be achieved within the Epcon Communities franchise system.