How many Expense Reduction Analysts outlets were operating in Maryland at the start of 2023?
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 8 outlets operating in Maryland at the start of 2023. The table provided in Item 20 of the FDD outlines 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 2022, 2023 and 2024.
For a prospective franchisee, this information is valuable in understanding the growth and stability of Expense Reduction Analysts in Maryland. The fact that the number of outlets remained consistent from the start of 2022 to the start of 2023 suggests a stable market presence. However, the addition of one outlet during 2023 indicates some growth within the state.
It is important to note that while the number of outlets provides a general overview, it does not offer insights into the financial performance or success of individual franchises. A prospective franchisee should further investigate the reasons behind any terminations or closures to gain a comprehensive understanding of the franchise's performance in Maryland. This information, combined with other due diligence, can help in making an informed decision about investing in an Expense Reduction Analysts franchise.