table_specific

How many Floors To Go outlets were terminated in Maine during 2023?

Floors_To_Go Franchise · 2025 FDD

Answer from 2025 FDD Document

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 0 0 0 4
2023 4 1 0 0 0 0 5
2024 5 1 0 0 0 1 5
Alaska 2022 1 0 0 0 0 0 1
2023 1 0 0 0 0 0 1
2024 1 0 0 0 0 1 0
Arizona 2022 1 0 0 0 0 0 1
2023 1 0 0 0 0 0 1
2024 1 0 0 0 0 0 1
Arkansas 2022 3 0 0 0 0 0 3
2023 3 1 0 0 0 0 4
2024 4 0 0 0 0 3 1
California 2022 27 2 0 0 0 0 29
2023 29 1 0 0 0 1 29
2024 29 5 0 0 0 6 28

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 terminations of Floors To Go outlets in Maine during 2023. The provided table includes a breakdown of outlet status by state and year, specifically tracking terminations.

For a prospective franchisee, this indicates stability in the Maine market, at least in terms of franchise terminations. However, it is important to note that this data only reflects terminations and does not account for other forms of outlet closures, such as non-renewals or ceased operations for other reasons. A more comprehensive understanding of market dynamics would require considering all categories of outlet closures.

While no terminations occurred, the FDD excerpt does not specify the total number of Floors To Go franchises operating in Maine during 2023. Therefore, it is not possible to calculate a termination rate or assess the overall health of Floors To Go franchises in Maine relative to the number of active units. A prospective franchisee should inquire about the total number of franchises in Maine to gain a clearer picture.

It is also worth noting that the table tracks "terminations," which typically refers to instances where the franchisor ends the franchise agreement due to the franchisee's non-compliance or other breaches of contract. This is distinct from a franchisee choosing not to renew their agreement or closing the business for other reasons. Understanding the reasons behind any franchise closures is crucial for assessing the risks and opportunities associated with investing in a Floors To Go franchise in Maine.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.