How many Management Recruiters outlets were opened in Alabama during 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 |
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 new Management Recruiters franchises opened in Alabama during 2023. The table provided in Item 20 of the FDD details the number of outlets opened, terminated, non-renewed, reacquired, or ceased operations for various states over the past three years.
Specifically, for Alabama in 2023, the table shows that there was one Management Recruiters outlet at the start of the year and zero outlets opened. There were also no terminations, non-renewals, re acquisitions by the franchisor, or other reasons for ceased operations. Consequently, the number of Management Recruiters outlets in Alabama remained at one at the end of 2023.
This information is crucial for potential franchisees as it provides insight into the growth and stability of the Management Recruiters brand in specific geographic areas. A lack of new openings could indicate a saturated market or other challenges in expanding the franchise network within Alabama. It is important to note that past performance does not predict future outcomes, but this data can inform a prospective franchisee's decision-making process and encourage further due diligence into the market conditions in Alabama.