How many Management Recruiters outlets opened in total during 2022?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| Chala | at Start | Outlets | Termin- | Renewal | Franchis | Other | at End of | |
|---|---|---|---|---|---|---|---|---|
| State | Year | of Year | Opened | ations | S | or | Reasons | Year |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Vermont | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2021 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| 2022 | 3 | 0 | 0 | 1 | 0 | 0 | 2 | |
| Virginia | 2023 | 2 | 0 | 0 | 2 | 0 | 0 | 0 |
| 2021 | 9 | 0 | 0 | 0 | 0 | 0 | 9 | |
| 2022 | 9 | 0 | 0 | 2 | 0 | 1 | 6 | |
| Washington | 2023 | 6 | 0 | 0 | 1 | 0 | 0 | 5 |
| 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| West Virginia | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2021 | 9 | 1 | 0 | 0 | 0 | 2 | 8 | |
| 2022 | 8 | 0 | 0 | 1 | 0 | 1 | 6 | |
| Wisconsin | 2023 | 6 | 0 | 0 | 0 | 0 | 2 | 4 |
| 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Wyoming | 2023 | 1 | 0 | 0 | 0 | 0 | 1 | 0 |
| 2021 | 265 | 3 | 4 | 5 | 0 | 13 | 246 | |
| Totals | 2022 | 246 | 6 | 4 | 20 | 0 | 25 | 203 |
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 a total of 6 Management Recruiters outlets opened in 2022. This information is derived from a table summarizing the status of franchised outlets for the years 2021, 2022, and 2023. The table provides a breakdown of outlet activity, including openings, terminations, renewals, and other reasons for ceased operations.
For a prospective franchisee, this data point provides a glimpse into the recent expansion activity of Management Recruiters. While 6 openings may seem modest, it's important to consider this figure in the context of closures and other changes in the franchise system. The table also shows that there were 4 terminations and 25 instances of outlets ceasing operations for other reasons during 2022. This resulted in a net decrease of 43 franchised outlets during that year, from 246 at the start of the year to 203 at the end.
It is important for potential franchisees to investigate the reasons behind terminations and closures. High termination rates could indicate issues with the franchise model, market saturation, or lack of franchisee support. Further research into these factors, beyond just the number of new openings, is essential for assessing the overall health and stability of the Management Recruiters franchise system. A prospective franchisee should discuss these trends with the franchisor and current franchisees to gain a comprehensive understanding.