How many Expense Reduction Analysts outlets opened in Illinois during 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 |
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 were 2 outlets opened in Illinois during 2024. The table provided in Item 20 includes information about the number of outlets at the start of the year, the number of outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year for various states.
For a prospective franchisee, this data indicates the recent growth and stability of Expense Reduction Analysts in Illinois. Knowing that 2 new outlets opened in 2024, while 1 was terminated, suggests that the brand is expanding in the state, which could be a positive sign for those considering investing in a franchise in that area.
However, it's important to note that past performance doesn't guarantee future results. A prospective franchisee should investigate further to understand the reasons behind any terminations or closures and assess the overall market conditions in Illinois. This information, combined with other factors, can help in making an informed decision about investing in an Expense Reduction Analysts franchise.