At the end of 2023, how many Management Recruiters outlets were operating in Utah?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| 0 | 0 | 0 | 0 | 0 | 1 |
| 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 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–65)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, there were zero Management Recruiters outlets operating in Utah at the end of 2023. The provided table tracks the number of outlets at the start of the year, outlets opened, terminations, non-renewals, reacquisitions by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year for each state.
For Utah, the table shows that at the start of 2023, there were two outlets. During 2023, no new outlets were opened, and there were no terminations. However, there were two non-renewals, and no reacquisitions or outlets ceasing operations for other reasons. This resulted in zero outlets operating in Utah at the end of 2023.
This information is crucial for prospective franchisees as it provides a clear picture of Management Recruiters's presence and changes in specific markets. The decrease from two outlets to zero in Utah during 2023 could indicate market challenges or strategic decisions by existing franchisees not to renew their agreements. A potential franchisee should investigate the reasons behind these non-renewals to assess the viability of operating a Management Recruiters franchise in Utah or similar markets.