How many Management Recruiters outlets were operating in Michigan at the start of 2022?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| 1 | Dogganir | Ceased | ||||||
|---|---|---|---|---|---|---|---|---|
| Outlets at | Reacquir ed by | Operatio | Outlets at | |||||
| Start of | Outlets | Termin- | Non- | Franchiso | ns - Other | |||
| State | Year | Year | Opened | ations | Renewals | r | Reasons | Year |
| 2021 | 10 | 0 | 0 | 0 | 0 | 1 | 9 | |
| 2022 | 9 | 0 | 0 | 0 | 0 | 0 | 9 | |
| Michigan | 2023 | 9 | 0 | 0 | 1 | 0 | 0 | 8 |
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 10 Management Recruiters outlets operating in Michigan at the start of 2022. This information is based on the provided table outlining outlet information by state and year. The table also shows that no new Management Recruiters outlets opened in Michigan during 2022, no terminations occurred, and one non-renewal took place. As a result, the number of Management Recruiters outlets in Michigan decreased to 9 by the end of 2022.
For a prospective Management Recruiters franchisee, this data indicates the stability and changes within the Michigan market. While no new locations opened, the non-renewal suggests potential market shifts or individual franchisee decisions not to continue their franchise agreement. It's important to investigate the reasons behind non-renewals to understand the market dynamics better.
Understanding the reasons behind the non-renewal, such as market saturation, profitability issues, or franchisee-specific circumstances, is crucial for making an informed investment decision. This information can provide valuable insights into the challenges and opportunities within the Michigan market for a Management Recruiters franchise.