How many Management Recruiters outlets in Missouri ceased operations for 'Other Reasons' in 2021?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| 1 | Dogganir | Ceased | ||||||
|---|---|---|---|---|---|---|---|---|
| Outlets at | Reacquir ed by | Operatio | Outlets at | |||||
| Start of | Outlets | Termin- | Non- | Franchiso | ns - Other | |||
| State | Year | Year | Opened | ations | Renewals | r | Reasons | Year |
| 2021 | 10 | 0 | 0 | 0 | 0 | 1 | 9 | |
| 2022 | 9 | 0 | 0 | 0 | 0 | 0 | 9 | |
| Michigan | 2023 | 9 | 0 | 0 | 1 | 0 | 0 | 8 |
| 2021 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| Minnesota | 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Mississippi | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2021 | 5 | 0 | 0 | 0 | 0 | 1 | 4 | |
| 2022 | 4 | 1 | 0 | 1 | 0 | 0 | 4 | |
| Missouri | 2023 | 4 | 0 | 0 | 0 | 0 | 1 | 3 |
| 2021 | 0 | 1 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–65)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, in 2021, one Management Recruiters location in Missouri ceased operations for 'Other Reasons'. At the start of 2021, there were five locations, none opened during the year, and one ceased operations for other reasons, leaving four locations at the end of the year.
This information is crucial for potential franchisees to understand the stability and potential risks associated with operating a Management Recruiters franchise in Missouri. The fact that a location closed for 'Other Reasons' could indicate various underlying issues, such as market challenges or internal operational difficulties.
Prospective franchisees should investigate the specific 'Other Reasons' for the closure to assess whether these factors could impact their own potential franchise. Understanding the reasons behind closures can help in making a more informed decision about investing in a Management Recruiters franchise in Missouri.