How many franchised Management Recruiters outlets were operating at the start of 2021?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised Outlets | 2021 | 265 | 246 | -19 |
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 265 franchised outlets operating at the start of 2021. This number reflects the total number of franchise locations open and operating under the Management Recruiters brand as of January 1, 2021. This provides a snapshot of the franchise system's size and reach at that specific point in time.
It is important to note that this number represents the total number of franchised locations and does not include any company-owned outlets, as Management Recruiters reported 0 company-owned outlets during this period. The number of franchised outlets can fluctuate due to various factors, including new franchise openings, terminations, non-renewals, and other reasons for ceasing operations.
For prospective franchisees, this information is useful for understanding the historical size and stability of the Management Recruiters franchise system. While the number of outlets at the start of a year provides a baseline, it's also important to consider the net change in outlets throughout the year to understand the overall growth or contraction of the franchise network. Reviewing these trends over multiple years, as presented in the FDD, can offer a more comprehensive view of the franchise's performance.