In 2023, how many Management Recruiters franchise agreements in Michigan were not renewed?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
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| 1 | Dogganir | Ceased | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Outlets at | Reacquir ed by | Operatio | Outlets at | ||||||
| Start of | Outlets | Termin- | Non- | Franchiso | ns - Other | ||||
| State | Year | Year | Opened | ations | Renewals | r | Reasons | Year | |
| 2021 | 10 | 0 | 0 | 0 | 0 | 1 | 9 | ||
| 2022 | 9 | 0 | 0 | 0 | 0 | 0 | 9 | ||
| Michigan | 2023 | 9 | 0 | 0 | 1 | 0 | 0 | 8 | |
| 2021 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | ||
| 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | ||
| Minnesota | 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Mississippi | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2021 | 5 | 0 | 0 | 0 | 0 | 1 | 4 | ||
| 2022 | 4 | 1 | 0 | 1 | 0 | 0 | 4 | ||
| Missouri | 2023 | 4 | 0 | 0 | 0 | 0 | 1 | 3 | |
| 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | ||
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | ||
| Montana | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2021 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | ||
| 2022 | 3 | 0 | 0 | 1 | 0 | 1 | 1 | ||
| Nebraska | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Nevada | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | ||
| New | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Hampshire | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 1 | 1 | |||||||
|---|---|---|---|---|---|---|---|---|
| Reacquir | Ceased Operatio | |||||||
| Outlets at Start of | 0 | T | Nina | ed by | ns - | Outlets at End of | ||
| State | Year | Year | Outlets | Terminati | Non- | Franchiso | Other | Year |
| Opened | ons | Renewals | r | Reasons | ||||
| State | 2021 | 9 | 0 | 0 | 0 | 0 | 0 | 9 |
| 2022 | 9 | 0 | 0 | 0 | 0 | 1 | 8 | |
| New Jersey | 2022 | 8 | 0 |
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 2023, one franchise agreement in Michigan was not renewed. The table provided in Item 20 outlines outlet information by state and year, including details on non-renewals. For Michigan in 2023, the 'Non-Renewals' column indicates a value of 1. This means one Management Recruiters franchise in Michigan chose not to renew their agreement during that year.
This information is important for prospective franchisees as it provides insight into the stability and satisfaction of existing franchisees within the Management Recruiters system. A high number of non-renewals could indicate issues with the franchise model, support, or profitability. Conversely, a low number, as seen here, might suggest that franchisees are generally satisfied with their investment and the ongoing relationship with Management Recruiters.
Additionally, the FDD includes Exhibit C2, which lists former Management Recruiters outlets for the period of January 1, 2023, through December 31, 2023. This exhibit provides further details on franchisees who ceased doing business under the franchise agreement, including those who were not renewed. The exhibit lists Bruce Flory in West Bloomfield, MI as a nonrenewal.
It is essential for potential franchisees to investigate the reasons behind non-renewals, as this can provide a more comprehensive understanding of the franchise's performance and franchisee experiences. Speaking with current and former franchisees about their experiences can offer valuable insights beyond the data presented in the FDD.