How many Expense Reduction Analysts outlets were operating in Connecticut at the end of 2023?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS PAGE INTENTIONALLY LEFT BLANK)**
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 were 12 outlets operating in Connecticut at the end of 2023. At the start of 2023, there were 12 outlets. During 2023, one new outlet was opened, and one ceased operations for other reasons.
It is important to note the specific reasons for outlet terminations or closures, as these can indicate potential challenges or instability within the franchise system. In this case, one outlet ceased operations for unspecified 'other reasons'. A prospective franchisee should investigate the reasons behind such closures to better understand the business environment in Connecticut.
Understanding the dynamics of outlet openings and closures, as well as the net change in the number of outlets, helps potential franchisees assess the growth and stability of the Expense Reduction Analysts franchise within a specific geographic area.