How many Extreme Art Studio franchised outlets were transferred to new owners in 2021?

According to Extreme Art Studio's 2024 Franchise Disclosure Document, there were zero transfers of franchised outlets to new owners in 2021. The provided table, titled "Table No. 2 Transfers of Outlets from Franchisees to New Owners (other than the Franchisor) For Years 2021 to 2023", indicates that the total number of transfers in 2021 was zero. This suggests that no existing Extreme Art Studio franchises were sold to new franchisees during that year.

For a potential franchisee, this information is crucial for understanding the stability and transferability of existing Extreme Art Studio franchises. A high number of transfers might indicate franchisees are struggling or looking to exit the business, while a low number, as in this case, could suggest stability. However, it is important to consider this data in conjunction with other factors such as the total number of operating franchises and the reasons behind any transfers that did occur in other years.

It's also worth noting that this data only reflects transfers to new owners other than the franchisor. Any re acquisitions by Extreme Art Studio itself would not be included in this particular table, but are detailed in Table No. 4. Prospective franchisees should investigate further to understand the reasons behind the lack of transfers and the overall health of existing franchises within the Extreme Art Studio system.