How many Management Recruiters locations in Idaho were terminated for reasons other than a transfer at the end of 2022?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2021 | 2 | 0 | 1 | 0 | 0 | 0 | 2 | |
|---|---|---|---|---|---|---|---|---|
| 2022 | 2 | 0 | 0 | 2 | 0 | 0 | 0 | |
| Hawaii | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2021 | 3 | 0 | 0 | 1 | 0 | 0 | 2 | |
| 2022 | 2 | 0 | 0 | 1 | 0 | 0 | 1 | |
| Idaho | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
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 zero Management Recruiters locations in Idaho that were terminated for reasons other than a transfer during 2022. The provided table shows the changes in outlet numbers for Idaho. At the start of 2022, there were two locations. There were zero outlets opened, zero terminations, two non-renewals, zero reacquisitions by the franchisor, and zero that ceased operations for other reasons. This resulted in zero outlets at the end of 2022.
This data point is important for prospective franchisees as it provides insight into the stability and performance of Management Recruiters franchises in Idaho. A high number of terminations or closures for 'other reasons' might indicate underlying issues with the franchise system or market conditions in that state. The absence of such terminations in 2022 could be seen as a positive sign, though further investigation into the reasons for non-renewals would be prudent.
It is worth noting that while the table provides a snapshot of outlet changes, it does not offer detailed explanations for why non-renewals occurred. A prospective franchisee should seek additional information from Management Recruiters regarding the reasons for non-renewals and closures to gain a more comprehensive understanding of the franchise's performance and potential risks in Idaho.