What was the total number of Management Recruiters outlets in North Carolina at the end of 2022?
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 |
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 15 outlets in North Carolina at the end of 2022. The table provided in Item 20 of the FDD outlines the changes in the number of outlets per state over the course of the 2021, 2022, and 2023 years. For North Carolina specifically, the number of outlets started at 18 in 2022, had one outlet opening, two non-renewals, and two other reasons for closures, resulting in 15 outlets at the end of the year.
This information is crucial for potential Management Recruiters franchisees as it provides insight into the stability and growth of the franchise within North Carolina. The change in the number of outlets can indicate the level of support and success franchisees are experiencing in the state. A decrease in outlets, as seen in North Carolina during 2022, may prompt further investigation into the reasons behind the closures, such as market conditions or franchisee performance.
Prospective franchisees should consider these trends when evaluating the opportunity and may want to discuss the factors contributing to outlet changes with Management Recruiters. Understanding the dynamics of the North Carolina market, as well as the reasons for non-renewals and other closures, can help a franchisee make an informed decision about investing in a Management Recruiters franchise in that state. This data offers a localized view of the franchise's performance, which complements the broader system-wide overview also presented in the FDD.