How many Management Recruiters outlets in Alabama ceased operations for other reasons in 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 | |
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 Alabama that ceased operations for other reasons during 2023. The provided table in Item 20 outlines the outlet information, detailing openings, terminations, non-renewals, reacquisitions by the franchisor, and instances of closures for other reasons.
Specifically, the table shows that Alabama had one Management Recruiters outlet at the start of 2023. Throughout the year, there were no new outlets opened, no terminations, non-renewals or reacquisitions by Management Recruiters. The number of outlets that ceased operations for other reasons is listed as zero. Therefore, the number of Management Recruiters outlets at the end of 2023 remained at one.
This information is valuable for potential franchisees as it provides a historical overview of outlet performance and stability within specific states. Reviewing these trends can help a prospective franchisee assess the risks and opportunities associated with investing in a Management Recruiters franchise in a particular area.