How many Management Recruiters outlets were operating in Alabama at the start of 2021?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
ATUS OF FRANCHISED OUTLETS FOR YEARS 2021, 2022, 2023
| 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 |
| 2021 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Alaska | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2021 | 2 | 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 operating in Alabama at the start of 2021. Throughout 2021, no additional outlets were opened, and no outlets were terminated. However, one outlet ceased operations for other reasons, resulting in zero Management Recruiters outlets in Alabama at the end of 2021.
In 2022, there were still no Management Recruiters outlets operating in Alabama, and this remained the same through 2023. This means that between the start of 2021 and the end of 2023, the number of Management Recruiters locations in Alabama decreased from one to zero and remained at zero.
Prospective franchisees should note that while the overall number of franchised outlets decreased nationally from 2021 to 2023, this data shows the specific changes in Alabama. Reviewing state-specific data can reveal trends and stability in different markets, which is crucial for making informed investment decisions. It is important to further investigate the reasons behind the ceased operations to understand the market dynamics in Alabama and assess the potential risks and opportunities for a Management Recruiters franchise in that state.