For Expense Reduction Analysts in Connecticut, how many outlets were not renewed in 2024?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
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TABLE NO. 3 STATUS OF FRANCHISED OUTLETS FOR YEARS 2022 TO 2024
| STATE | YEAR | OUTLETS AT START OF YEAR | OUTLETS OPENED | TERMINATIONS | NON- RENEWALS | REACQUIRED BY FRANCHISOR | CEASED OPERATIONS- OTHER REASONS | OUTLETS AT END OF THE YEAR |
|---|---|---|---|---|---|---|---|---|
| AZ1 | 2022 | 2 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (REGIONAL FRANCHISEES) (FDD pages 52–57)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, there was one outlet in Connecticut that was not renewed in 2024. The table provided in Item 20 outlines the changes in the number of outlets for each state over the past three years.
Specifically, for Connecticut in 2024, the table shows that there were 12 outlets at the start of the year, one outlet opened, one termination, and one non-renewal, resulting in 11 outlets at the end of the year. This indicates that one Expense Reduction Analysts franchise in Connecticut was not renewed during the 2024 fiscal year.
It's important to note that non-renewals can occur for various reasons, such as the franchisee deciding not to continue the business, failure to meet certain performance standards, or changes in the franchisee's personal circumstances. Prospective franchisees should inquire about the reasons for non-renewals and terminations to better understand the potential risks and challenges of operating an Expense Reduction Analysts franchise.