What was the total number of Management Recruiters franchises at the end of 2022?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised Outlets | 2021 | 265 | 246 | -19 |
| Franchised Outlets | 2022 | 246 | 203 | -43 |
| 2023 | 203 | 170 | -33 | |
| Company Owned | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| 2021 | 265 | 246 | -19 | |
| Total | 2022 | 246 | 203 | -33 |
| 2023 | 203 | 170 | -33 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–65)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, at the end of 2022, there were 203 franchised outlets. This number reflects a net change of -43 units during that year.
This decrease suggests that more Management Recruiters franchises closed or were terminated than opened or were renewed during 2022. A prospective franchisee should investigate the reasons for this decline, which could include factors such as economic conditions, franchisee performance issues, or changes in the company's strategic direction.
Understanding the dynamics behind these numbers is crucial for anyone considering investing in a Management Recruiters franchise. Potential franchisees should ask Management Recruiters about the specific reasons for the net decrease in franchise locations and what steps the company is taking to improve franchisee success and retention.