How many Learningrx centers in Florida closed in 2022 due to 'other reasons'?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
| 0 | | 2024 | 0 | | | 2022 | 2 | | | Tennessee | 2023 | 0 | | 2024 | 0 | | | 2022 | 0 | | | Texas | 2023 | 0 | | 2024 | 1 | | | 2022 | 3 | | | Totals | 2023 | 0 |
| State | Year | Outlets at Start of the Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations- Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| 2022 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | |
| Colorado | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2024 | 2 | 0 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 48–53)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, one Learningrx center in Florida closed in 2022 due to 'other reasons'. At the start of 2022, there were two Learningrx centers in Florida. During 2022, no additional centers were opened, terminated, or reacquired by the franchisor. However, one center ceased operations for 'other reasons', resulting in one center remaining open at the end of the year.
This information is crucial for potential Learningrx franchisees in Florida as it provides insight into the stability and potential challenges within the Florida market. Closures for 'other reasons' can encompass a variety of factors, such as financial difficulties, operational issues, or failure to meet franchisor standards. Understanding the reasons behind such closures can help prospective franchisees assess the risks and opportunities associated with investing in a Learningrx franchise in Florida.
It's important to note that while the FDD provides data on closures, it does not elaborate on the specific 'other reasons' for the closure. A prospective franchisee should seek additional information from Learningrx regarding the circumstances surrounding this closure to gain a more comprehensive understanding of the factors that may impact their investment. This due diligence can help in making an informed decision about whether to proceed with the franchise opportunity.