How many Management Recruiters outlets were operating in Alabama at the end of 2022?
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 was 1 outlet operating in Alabama at the end of 2022. The provided table in Item 20 of the FDD outlines the number of outlets at the start and end of each year, as well as any changes that occurred during the year, such as openings, terminations, non-renewals, reacquisitions by Management Recruiters, or other reasons for ceasing operations.
For a prospective franchisee, this information is useful for understanding the historical growth and stability of the Management Recruiters franchise system in specific states. Seeing the number of outlets remain constant in Alabama during 2022 suggests a stable market presence, though it doesn't reveal the entire picture of market dynamics.
It is important to note that past performance does not guarantee future results. A prospective franchisee should further investigate the factors contributing to the stability or changes in outlet numbers, such as market conditions, competition, and the performance of existing franchisees. This information, combined with other due diligence efforts, can help in making an informed decision about investing in a Management Recruiters franchise.