How many Floors To Go franchises were transferred in Michigan during 2023?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 20: OUTLETS AND MEMBER INFORMATION]
TABLE NO. 2
TRANSFERS OF OUTLETS FROM FRANCHISEES TO NEW OWNERS (OTHER THAN THE FRANCHISOR OR AN AFFILIATE) FOR YEARS 2022 TO 2024
| State | Year | Number of Transfers |
|---|---|---|
| Michigan | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 |
Source: Item 20 — OUTLETS AND MEMBER INFORMATION (FDD pages 37–47)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, there were no franchise transfers in Michigan during 2023. The provided table, titled "TRANSFERS OF OUTLETS FROM FRANCHISEES TO NEW OWNERS (OTHER THAN THE FRANCHISOR OR AN AFFILIATE) FOR YEARS 2022 TO 2024", indicates the number of franchise resales from existing franchisees to new owners.
For a prospective franchisee, a low number of transfers could be interpreted in several ways. It may suggest that franchisees are generally satisfied with their businesses and are not looking to sell. Alternatively, it could indicate a lack of demand for existing Floors To Go franchises, potentially due to concerns about profitability or market conditions.
It is important to note that this data only reflects transfers to new owners and does not include instances where the franchise was reacquired by Floors To Go itself or an affiliate. A prospective franchisee should investigate further to understand the reasons behind the transfer numbers and the overall health of the Floors To Go franchise system in Michigan and other states.