How many Management Recruiters locations in Maine were operating at the end of 2023?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2021 | 2 | 0 | 0 | 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 |
| 2021 | 11 | 0 | 0 | 0 | 0 | 1 | 10 | |
| 2022 | 10 | 1 | 0 | 0 | 0 | 0 | 11 | |
| Illinois | 2023 | 11 | 0 | 0 | 1 | 0 | 6 | 4 |
| 2021 | 9 | 0 | 0 | 0 | 0 | 0 | 9 | |
| 2022 | 9 | 0 | 1 | 0 | 0 | 1 | 7 | |
| Indiana | 2023 | 7 | 0 | 0 | 0 | 0 | 0 | 7 |
| 2021 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | |
| 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| Iowa | 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Kansas | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Kentucky | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2021 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | |
| 2022 | 4 | 0 | 0 | 1 | 0 | 0 | 3 | |
| Louisiana | 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2022 | 2 | 0 | 0 | 1 | 0 | 0 | 1 | |
| Maine | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2021 | 7 | 0 | 1 | 2 | 0 | 0 | 4 | |
| 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | |
| Maryland | 2023 | 4 | 0 | 0 | 0 | 0 | 1 1 | 3 |
| 2021 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | |
| Massach | 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 |
| 2023 | 4 | 0 | 0 | 1 | 0 | 0 | 3 |
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 was 1 Management Recruiters location operating in Maine at the end of 2023. The table provided in Item 20 of the FDD outlines the changes in outlet numbers across various states. This includes details on outlets at the start of the year, outlets opened, terminations, non-renewals, reacquisitions by Management Recruiters, and outlets ceasing operations for other reasons. This data is presented on a state-by-state basis for the years 2021, 2022, and 2023.
For a prospective franchisee, this information is crucial for understanding the stability and growth (or decline) of the franchise network in specific geographic areas. Seeing that Maine has maintained a single location from 2021-2023 suggests a stable market presence, though not necessarily a growing one. It's important to note that the table does not provide details on the performance or revenue of individual locations, so further investigation would be needed to assess the health of the Maine outlet.
It is also important to consider the broader context of Management Recruiters' overall franchise network. While Maine has remained stable, other states have seen more significant changes in outlet numbers. Reviewing these trends can provide a more comprehensive understanding of the brand's performance and potential risks or opportunities. A prospective franchisee should also inquire about the reasons behind any terminations or non-renewals in other states to better assess the factors that contribute to franchise success or failure within the Management Recruiters system.
Overall, the stability of the single Management Recruiters location in Maine, as indicated in the 2024 FDD, offers some reassurance, but further due diligence is essential to fully evaluate the opportunity. Talking to existing franchisees in Maine and similar markets would provide valuable insights into the local market conditions and the support provided by Management Recruiters.