In 2022, how many Management Recruiters outlets in Texas were subject to non-renewal?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| Reacquir | Ceased Operatio | |||||||
|---|---|---|---|---|---|---|---|---|
| Outlets | Non- | ed by | ns - | Outlets | ||||
| Ctata | Vaar | at Start | Outlets | Termin- | Renewal | Franchis | Other | at End of |
| State | Year | of Year | Opened | ations | S | or | Reasons | Year |
| 2021 | 11 | 0 | 0 | 0 | 0 | 1 | 10 | |
| 2022 | 10 | 0 | 0 | 1 | 0 | 3 | 6 | |
| Pennsylvania | 2023 | 6 | 0 | 0 | 0 | 0 | 1 | 5 |
| 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Puerto Rico | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Rhode Island | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2021 | 9 | 0 | 1 | 0 | 0 | 1 | 7 | |
| South | 2022 | 7 | 1 | 0 | 0 | 0 | 0 | 8 |
| Carolina | 2023 | 8 | 0 | 0 | 1 | 0 | 2 | 5 |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| South Dakota | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2021 | 8 | 0 | 0 | 0 | 0 | 0 | 8 | |
| 2022 | 8 | 1 | 0 | 0 | 0 | 1 | 8 | |
| Tennessee | 2023 | 8 | 0 | 0 | 0 | 0 | 1 | 7 |
| 2021 | 16 | 0 | 0 | 0 | 0 | 1 | 15 | |
| 2022 | 15 | 0 | 0 | 1 | 0 | 1 | 13 | |
| Texas | 2023 | 13 | 2 | 0 | 2 | 0 | 0 | 13 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–65)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, in 2022, 1 Management Recruiters franchise in Texas was subject to non-renewal.
This indicates that at least one franchisee in Texas chose not to renew their franchise agreement or that Management Recruiters decided not to offer a renewal. Non-renewal can occur for various reasons, including the franchisee's decision to exit the business, failure to meet performance standards, or changes in the franchisor's strategic direction.
A prospective franchisee should inquire about the reasons for non-renewals and terminations in specific states like Texas to understand the factors that might contribute to such outcomes. Understanding these factors can help a new franchisee assess the risks and opportunities associated with investing in a Management Recruiters franchise in that particular region.