How many Expense Reduction Analysts outlets were opened in Maryland 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 was one outlet opened in Maryland during 2024. The FDD also indicates that at the start of 2024, there were 8 outlets, and by the end of the year, there were 9. One outlet ceased operations in 2023.
This information is valuable for potential franchisees as it provides insight into the brand's growth and stability within Maryland. A consistent number of outlets, with only a small increase, might suggest a stable market presence but limited expansion opportunities.
Reviewing the history of outlet openings and closures over several years can reveal trends about Expense Reduction Analysts's growth strategy and market saturation in specific regions. Prospective franchisees should further investigate the reasons behind any terminations or non-renewals to understand the challenges and opportunities in the Maryland market.
It is important to note that past performance does not guarantee future results, and franchisees should conduct their own market research and due diligence to assess the viability of an Expense Reduction Analysts franchise in their desired location.