How many Floors To Go outlets were non-renewed in Maryland during 2024?
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 were no non-renewals of Floors To Go outlets in Maryland during 2024. The provided table outlines the status of franchised outlets from 2022 to 2024, showing that in 2024, there were zero outlets at the start of the year, zero outlets opened, and zero non-renewals, resulting in zero outlets at the end of the year. This indicates that Floors To Go did not have any franchise agreements expire and not get renewed in Maryland during that year.
For a prospective franchisee, this information is crucial in assessing the stability and success rate of Floors To Go franchises in specific regions. A high number of non-renewals could indicate issues with franchisee profitability or support. The absence of non-renewals in Maryland suggests that franchisees in that state are finding success and choosing to continue their agreements with Floors To Go.
It is important to note that this data only reflects non-renewals and does not account for terminations or other reasons for ceased operations. A potential franchisee should also consider these factors when evaluating the overall health and performance of the Floors To Go franchise system. Reviewing the complete Item 20 data, including terminations and transfers, will provide a more comprehensive understanding of franchisee turnover and satisfaction.
While the absence of non-renewals in Maryland during 2024 is a positive sign, prospective franchisees should still conduct thorough due diligence. This includes speaking with current and former franchisees, reviewing the complete FDD, and consulting with financial and legal advisors to make an informed decision about investing in a Floors To Go franchise.