How many Management Recruiters locations in Maryland were terminated for reasons other than a transfer at the end of 2023?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
ATUS OF FRANCHISED OUTLETS FOR YEARS 2021, 2022, 2023
| State | Year | Outlets at Start of Year | Outlets Opened | Termin- ations | Non- Renewals | Reacquir ed by Franchiso r | Ceased Operatio ns - Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Alabama | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2021 | 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 no Management Recruiters locations in Maryland terminated for reasons other than a transfer during 2023. The provided table in Item 20 includes a column for 'Terminations' and a column for 'Ceased Operations - Other Reasons.'
The table indicates that for Maryland in 2023, there were zero terminations and zero ceased operations for other reasons. This means no Management Recruiters franchise agreements in Maryland were terminated by Management Recruiters, nor did any cease operations for other reasons during that year.
Prospective franchisees can use this data, along with other information in Item 20, to understand the stability and turnover of Management Recruiters franchises across different states. A high number of terminations or non-renewals could indicate potential issues with the franchise system, while a low number, as seen here for Maryland, might suggest a more stable environment.