How many Expense Reduction Analysts outlets were terminated in Florida during 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 | 2 |
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 termination of an Expense Reduction Analysts outlet in Florida during 2023. The table provided in Item 20 outlines the changes in the number of outlets for various states over the years 2022, 2023, and 2024. For Florida, the data shows the number of outlets at the start of 2023 was 13, with 2 outlets opened and 1 termination, resulting in 15 outlets at the end of the year.
This information is crucial for potential franchisees as it provides insight into the stability and growth of the franchise network in specific regions. A high number of terminations could indicate issues with franchisee success or franchisor support, while a low number suggests a more stable and successful network. In Florida's case, a single termination might not be alarming, but it warrants further investigation to understand the reasons behind it.
Prospective franchisees should consider this data in conjunction with other factors, such as the number of new openings and the overall performance of Expense Reduction Analysts franchises in Florida. It's advisable to speak with current and former franchisees to gain a deeper understanding of the challenges and opportunities in the region. Additionally, understanding the reasons for any terminations can provide valuable insights into potential risks and how to mitigate them.