How many Management Recruiters outlets in Nebraska ceased operations for 'Other Reasons' in 2022?
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 |
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 one Management Recruiters outlet in Nebraska that ceased operations for 'Other Reasons' during 2022. The table provided in Item 20 details the changes in outlet numbers across various states. This information is crucial for potential franchisees to understand the stability and turnover of franchises within specific regions.
Specifically, the table tracks the number of outlets at the start of the year, any new outlets opened, terminations, non-renewals, reacquisitions by Management Recruiters, outlets that ceased operations for other reasons, and the final number of outlets at the end of the year. For Nebraska in 2022, the data indicates that there was one such closure.
This type of data helps prospective franchisees assess the risks associated with investing in a Management Recruiters franchise in a particular state. A high number of closures for 'Other Reasons' might warrant further investigation into the factors causing these closures, such as local market conditions or franchisee performance.