How many Management Recruiters outlets were operating in New Jersey at the start of 2022?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| 1 | 1 | |||||||
|---|---|---|---|---|---|---|---|---|
| Reacquir | Ceased Operatio | |||||||
| Outlets at Start of | 0 | T | Nina | ed by | ns - | Outlets at End of | ||
| State | Year | Year | Outlets | Terminati | Non- | Franchiso | Other | Year |
| Opened | ons | Renewals | r | Reasons | ||||
| State | 2021 | 9 | 0 | 0 | 0 | 0 | 0 | 9 |
| 2022 | 9 | 0 | 0 | 0 | 0 | 1 | 8 | |
| New Jersey | 2022 | 8 | 0 | 0 | 0 | 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 9 Management Recruiters outlets operating in New Jersey at the start of 2022. During 2022, no additional outlets opened, none were terminated, none were non-renewed, and Management Recruiters did not reacquire any. However, one outlet ceased operations for other reasons, resulting in 8 outlets at the end of 2022.
This information is valuable for potential franchisees as it provides a snapshot of the Management Recruiters' presence and stability in New Jersey. The fact that one outlet closed during the year could be a point of further investigation to understand the reasons behind it and whether it reflects any challenges specific to the New Jersey market.
Monitoring outlet data, including openings, closures, and transfers, helps assess the overall health and growth trajectory of the Management Recruiters franchise system. A high number of closures or transfers could indicate underlying issues within the franchise network, while consistent growth suggests a thriving and well-supported system.