What was the trend in the number of franchised Management Recruiters outlets from 2021 to 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, the number of franchised outlets decreased each year from 2021 to 2023. At the start of 2021, there were 265 franchised outlets, which decreased to 246 by the end of the year, representing a net change of -19.
In 2022, the number of franchised outlets started at 246 and decreased to 203 by the end of the year, a net change of -43. This was a larger decrease than the previous year.
Continuing the trend, in 2023, the number of franchised outlets began at 203 and fell to 170 by the end of the year, resulting in a net change of -33. This consistent decline in franchised outlets over the three-year period may be a point of concern for potential franchisees, warranting further investigation into the reasons behind this trend.