How many Management Recruiters franchised offices were open as of December 31, 2020?

According to Management Recruiters' 2024 Franchise Disclosure Document, there were 139 franchised offices open as of December 31, 2020. This number reflects the net change in the number of franchised offices during the year, taking into account new openings and closures. Specifically, there were 5 new Management Recruiters offices opened and 13 offices closed during 2020.

For a prospective franchisee, this figure provides a snapshot of the size and stability of the Management Recruiters franchise system at that time. It's important to consider this number in conjunction with other data, such as the number of openings and closures, to understand the growth and turnover within the franchise network. A decrease in the number of franchised offices, as seen in 2020, may warrant further investigation into the reasons behind the closures and the overall health of the franchise system.

It is also useful to compare this number with more recent data to assess the current size and trajectory of the Management Recruiters franchise system. While the number of offices open at the end of 2020 was 139, the FDD also indicates that the number of franchised offices increased to 217 by the end of 2021 and 435 by the end of 2022, before decreasing to 427 by the end of 2023. This information can help a potential franchisee understand the dynamics of the franchise network over time.