How many Learningrx centers in Minnesota closed in 2023 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 Minnesota closed in 2023 due to 'other reasons'.
Specifically, the table provided in Item 20 details the changes in the number of outlets for each state over the years 2022, 2023 and 2024. For Minnesota, the table shows that there were 7 outlets at the start of 2023. No new outlets opened, and there were no terminations, non-renewals, or re acquisitions by the franchisor. However, one outlet ceased operations for 'other reasons', resulting in 6 outlets at the end of the year.
This information is valuable for prospective franchisees as it provides insight into the stability and potential challenges faced by Learningrx centers in specific states. Closures for 'other reasons' could encompass a variety of factors, such as poor performance, landlord disputes, or other unforeseen circumstances. It would be prudent for a potential franchisee to investigate the reasons behind such closures to better assess the risks associated with opening a Learningrx franchise in a particular area.
It's important to note that while the FDD provides data on closures, it does not offer detailed explanations for the 'other reasons' category. Therefore, a prospective franchisee should engage in thorough due diligence, including speaking with current and former franchisees, and directly asking the franchisor for more specific information about the reasons for closures in Minnesota and other states.