How many Management Recruiters outlets were opened in South Carolina during 2022?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| Reacquir | Ceased Operatio | |||||||
|---|---|---|---|---|---|---|---|---|
| Outlets | Non- | ed by | ns - | Outlets | ||||
| Ctata | Vaar | at Start | Outlets | Termin- | Renewal | Franchis | Other | at End of |
| State | Year | of Year | Opened | ations | S | or | Reasons | Year |
| 2021 | 11 | 0 | 0 | 0 | 0 | 1 | 10 | |
| 2022 | 10 | 0 | 0 | 1 | 0 | 3 | 6 | |
| Pennsylvania | 2023 | 6 | 0 | 0 | 0 | 0 | 1 | 5 |
| 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Puerto Rico | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Rhode Island | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2021 | 9 | 0 | 1 | 0 | 0 | 1 | 7 | |
| South | 2022 | 7 | 1 | 0 | 0 | 0 | 0 | 8 |
| Carolina | 2023 | 8 | 0 | 0 | 1 | 0 | 2 | 5 |
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 outlet opened in South Carolina during 2022. At the start of 2022, there were seven outlets, and by the end of the year, there were eight.
This information is crucial for potential franchisees as it provides insight into the brand's growth and presence in specific regions. Opening one new location could indicate growing demand or strategic expansion efforts in South Carolina.
However, it's also important to note that the number of terminations or closures can impact the net growth. Reviewing this data over several years, as presented in the FDD, can provide a more comprehensive understanding of the stability and performance of Management Recruiters franchises in South Carolina.