How many Management Recruiters outlets in Arizona were not renewed in 2023?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 | 0 | 0 | 0 | 0 | 1 | 0 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Alaska | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2021 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Arizona | 2023 | 2 | 0 | 0 | 1 | 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, one outlet in Arizona was not renewed in 2023. At the start of 2023, there were two Management Recruiters outlets in Arizona. By the end of 2023, the number decreased to one, with the change attributed to a single non-renewal.
This information is crucial for potential franchisees as it provides insight into the stability and performance of existing Management Recruiters franchises. A non-renewal could indicate various factors, such as the franchisee's decision not to continue, performance issues, or changes in the market.
Prospective franchisees should investigate the reasons behind non-renewals to assess the risks and opportunities associated with investing in a Management Recruiters franchise in specific locations. Understanding the dynamics of franchise agreements and renewal trends can help in making informed decisions.