What was the total number of Management Recruiters outlet transfers in 2023?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
other than the Franchisor) For years 2021, 2022, 2023
| State | Year | Number of Transfers | |----------------|------|---------------------| | | 2021 | 0 | | California | 2022 | 0 | | | 2023 | 1 | | | 2021 | 0 | | Missouri | 2022 | 1 | | | 2023 | 0 | | | 2021 | 1 | | New Jersey | 2022 | 0 | | | 2023 | 1 | | | 2021 | 1 | | North Carolina | 2022 | 0 | | | 2023 | 0 | | | 2021 | 0 | | Ohio | 2022 | 0 | | | 2023 | 1 | | | 2021 | 0 | | Wisconsin | 2022 | 0 | | | 2023 | 1 | | | 2021 | 0 | | Tennessee | 2022 | 1 |
| 2023 | 0 | |
|---|---|---|
| 2021 | 2 | |
| Total | 2022 | 2 |
| 2023 | 3 |
TABLE 3- STATUS OF FRANCHIS
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 a total of 3 outlet transfers in 2023. The data is broken down by state, with California, New Jersey, Ohio and Wisconsin each reporting 1 transfer. Missouri and North Carolina reported zero transfers in 2023. Tennessee is not listed in this table.
It is important to note that this data reflects transfers to new owners other than Management Recruiters. A transfer typically occurs when a franchisee sells their existing franchise to a new owner, subject to the franchisor's approval.
Prospective franchisees should consider the number of transfers as one indicator of franchise health and stability. A high number of transfers could indicate franchisees are struggling or choosing to exit the system, while a low number could suggest stability and satisfaction among franchisees. However, transfers can also be due to normal business cycles, retirement, or other personal reasons. It is important to investigate the reasons behind any transfers with Management Recruiters during the due diligence process.