How many Management Recruiters franchised offices were open as of December 31, 2021
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| Franchised offices, December 31, 2020 | 139 |
|---|---|
| Purchased in 2021 (net of sold locations) | 65 |
| Opened in 2021 | 14 |
| Closed in 2021 | (1) |
| Franchised offices, December 31, 2021 | 217 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 65–66)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, there were 217 franchised offices open as of December 31, 2021. This number reflects the net effect of several factors during the year.
The number of Management Recruiters franchised offices is influenced by new office openings, closures, and acquisitions. In 2021, 14 new franchised offices were opened. However, one office was closed during the same period. Additionally, Management Recruiters purchased a net of 65 locations, which likely refers to the acquisition of existing staffing businesses and their conversion into Management Recruiters franchises.
For a prospective franchisee, this data indicates the growth and changes within the Management Recruiters franchise system. It's important to note that acquisitions can significantly impact the total number of franchised offices, and these numbers can fluctuate year to year. Understanding the reasons behind office closures and the strategy behind acquisitions can provide valuable insights into the health and direction of the Management Recruiters franchise network.