In what state did a Floors To Go outlet transfer occur in 2023?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
O. 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 |
|---|
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 two states where a transfer of ownership occurred in 2023. Specifically, one transfer occurred in Indiana and one in Texas.
This information is relevant for prospective franchisees as it provides insight into the stability and desirability of existing Floors To Go franchises. A transfer indicates that a previous franchisee has sold their business to a new owner, which could be due to various reasons such as retirement, relocation, or a change in career.
It is important to note that a transfer does not necessarily reflect negatively on the franchise system. However, a high number of transfers in a particular area might warrant further investigation to understand the underlying causes. A prospective franchisee should consider the reasons behind transfers and evaluate whether these factors could impact their own potential business.
Reviewing the number of transfers alongside other data, such as terminations and non-renewals, can provide a more comprehensive understanding of the health and turnover within the Floors To Go franchise system. This information can help potential franchisees assess the risks and opportunities associated with investing in a Floors To Go franchise.