How many Management Recruiters locations in Illinois were operating at the end of 2021?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| Reacquir | Ceased Operatio | |||||||
|---|---|---|---|---|---|---|---|---|
| Outlets | Non- | ed by | ns - | Outlets | ||||
| Ctata | Vaar | at Start | Outlets | Termin- | Renewal | Franchis | Other | at End of |
| State | Year | of Year | Opened | ations | S | or | Reasons | Year |
| 2021 | 11 | 0 | 0 | 0 | 0 | 1 | 10 | |
| 2022 | 10 | 0 | 0 | 1 | 0 | 3 | 6 | |
| Pennsylvania | 2023 | 6 | 0 | 0 | 0 | 0 | 1 | 5 |
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 10 Management Recruiters locations operating in Illinois at the end of 2021. This number is derived from the provided table, which details the number of outlets at the start of the year, any changes during the year (openings, terminations, non-renewals, reacquisitions, or other reasons for ceasing operations), and the resulting number of outlets at the end of the year.
For a prospective franchisee, this information provides a snapshot of Management Recruiters's presence and stability in Illinois. Knowing the number of existing locations can help gauge brand recognition and market saturation. It also offers a basis for comparison against other states and regions, potentially informing decisions about where to establish a franchise.
It's worth noting that while the table shows the number of units, it doesn't provide details on the performance or financial health of those locations. A prospective franchisee should investigate further to understand the success rates and average revenues of Management Recruiters franchises in Illinois to get a more complete picture.