How many Expense Reduction Analysts outlets in Connecticut 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 includes a breakdown of outlet status changes by state for the years 2022, 2023, and 2024. This information is valuable for potential franchisees as it offers insight into the stability and turnover of franchises within specific regions.
Specifically, for Connecticut in 2024, the table shows 12 outlets at the start of the year, 1 outlet opened, 1 termination, and 1 non-renewal, resulting in 11 outlets at the end of the year.
Understanding the reasons behind non-renewals is crucial for prospective franchisees. While the FDD indicates one non-renewal in Connecticut for 2024, it does not elaborate on the reasons for the non-renewal. A potential franchisee should inquire with Expense Reduction Analysts about the specific circumstances surrounding non-renewals to better assess the risks and opportunities associated with franchising in Connecticut.