How many Floors To Go outlets in Nevada opened in 2023?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
2024 | 0 | | Totals | 2022 | 1 | | | 2023 | 2 | | | 2024 | 5 | TABLE NO. 3 STATUS OF FRANCHISED OUTLETS FOR YEARS 2022 TO 2024*
| State | Year | Outlets at Start of Year | Outlets Opened | Termin -ations | Non- Renew- als | Re- acquired by Fran- chisor | Ceased Opera- tions Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Alabama | 2022 | 4 | 0 | 0 |
Source: Item 20 — OUTLETS AND MEMBER INFORMATION (FDD pages 37–47)
What This Means (2025 FDD)
According to Floors To Go's 2025 Franchise Disclosure Document, there was one outlet opened in Nevada during 2023. The table provided in Item 20 shows that at the start of 2023, there were two outlets, one outlet opened during the year, and two terminations, resulting in one outlet at the end of the year.
This information is valuable for potential franchisees as it provides a snapshot of the brand's performance and stability in Nevada. The opening of one outlet suggests some growth, but the closure of two outlets indicates potential challenges in the market. A prospective franchisee should investigate the reasons for these terminations to assess the risks and opportunities in Nevada.
It's important to note that while one new Floors To Go location opened in Nevada, two terminations occurred during the same year. This resulted in a net decrease of one store in the state. This data point underscores the importance of conducting thorough market research and due diligence before investing in a Floors To Go franchise in Nevada. Understanding the reasons behind past closures can provide valuable insights into potential challenges and opportunities in the region.