How many Petro Stopping Center outlets were transferred in 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| 2022 | 1 | |
| Illinois | 2023 | 0 |
| 2024 | 0 | |
| 2022 | 0 | |
| Virginia | 2023 | 0 |
| 2024 | 1 | |
| 2022 | 1 | |
| TOTAL | 2023 | 0 |
| 2024 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 79–87)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, there was a total of one transfer of outlets from franchisees to new owners in 2024. Specifically, there was one transfer in Virginia during that year.
This information is relevant for prospective franchisees as it provides insight into the turnover and stability within the Petro Stopping Center franchise system. A low number of transfers, such as one, could indicate that franchisees are generally satisfied with their businesses and are not frequently seeking to exit the system by transferring their outlets to new owners.
However, it is important to note that this data only reflects transfers to new owners other than the franchisor. It does not include instances where Petro Stopping Center itself acquired the outlet. Additionally, the document mentions that existing or former franchisees have signed agreements involving confidentiality clauses, which may limit the information a potential franchisee can obtain directly from them regarding their experiences.