How many franchised Management Recruiters outlets were operating at the start of 2023?
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 |
| Franchised Outlets | 2022 | 246 | 203 | -43 |
| 2023 | 203 | 170 | -33 | |
| Company Owned | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| 2021 | 265 | 246 | -19 | |
| Total | 2022 | 246 | 203 | -33 |
| 2023 | 203 | 170 | -33 |
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 203 franchised outlets at the start of 2023. This number reflects the total number of Management Recruiters franchises that were operational and open for business as of January 1, 2023.
It is important to note that this number represents a snapshot in time and can fluctuate due to various factors such as new franchise openings, terminations, non-renewals, or transfers. The FDD also indicates a net change of -33 franchised outlets during 2023, meaning that the number of operating franchises decreased throughout the year.
A prospective franchisee should consider this historical data in the context of their own business plan and market analysis. Understanding the trends in outlet numbers can provide valuable insights into the overall health and stability of the Management Recruiters franchise system.