What was the total number of Management Recruiters outlets at the start of 2023?
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 start of 2023, there were 203 franchised outlets. This number reflects the total number of Management Recruiters franchises that were operational at the beginning of that year.
It is important to note that this figure represents a net decrease of 43 units from the start of 2022, which had 246 franchised outlets. This indicates a contraction in the number of franchise locations over the course of the year. Potential franchisees should investigate the reasons for this decrease, such as terminations, non-renewals, or transfers, to better understand the stability and performance of the franchise system.
In addition to franchised outlets, Management Recruiters also reports on company-owned outlets. However, the number of company-owned outlets remained at zero for the years 2021, 2022 and 2023. Therefore, the total number of 203 outlets at the start of 2023 is comprised entirely of franchised locations.