How many Management Recruiters franchises were renewed in Virginia during 2023?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
0 | 0 | 2 | 0 | 0 | 0 |
| Chala | at Start | Outlets | Termin- | Renewal | Franchis | Other | at End of | |
|---|---|---|---|---|---|---|---|---|
| State | Year | of Year | Opened | ations | S | or | Reasons | Year |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Vermont | 2023 | 0 | 0 | 0 | 0 | 0 | 0 |
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 two franchise renewals in Virginia during 2023. The table in Item 20 provides a detailed overview of outlet information, including renewals, across various states and years. This data helps prospective franchisees understand the recent history of franchise activity within the Management Recruiters system.
Specifically, the information shows that the number of Management Recruiters outlets in Virginia started at two in 2023, and there were two renewals during that year. There were no outlets opened or terminations. At the end of 2023, the number of outlets was zero.
This type of information is crucial for potential franchisees as it provides insight into the stability and growth of the franchise system in specific geographic areas. Reviewing trends in renewals, terminations, and openings can help franchisees assess the risks and opportunities associated with investing in a Management Recruiters franchise in a particular state.