For the Remax franchise, how many franchise agreements were signed in California, but the outlet was not opened?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
| Column 1 State | Franchise Agreements Signed But Outlet Not Opened | Projected New Franchised Outlets in the Next Fiscal Year | Projected New Company-Owned Outlets in the Next Fiscal Year |
|---|---|---|---|
| California | 3 | 10 | 0 |
Source: Item 20 — **OUTLETS AND FRANCHISEE INFORMATION (FDD pages 89–108)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, there were 3 franchise agreements signed in California for which the outlet had not yet opened. This figure reflects the status as of the end of the reported period. This information is crucial for potential franchisees to understand the rate of new outlet development versus signed agreements. It offers a glimpse into the lag time between signing a franchise agreement and commencing operations.
This data point is listed alongside similar information for other states, allowing prospective franchisees to compare development activity across different regions. The FDD also includes projections for new franchised outlets in the next fiscal year, which for California is 10. Comparing the number of signed agreements without opened outlets to the projected new outlets can provide insight into the brand's growth expectations and the pace of franchise development.
It is important to note that these figures are estimates and should not be relied upon in any way. Prospective franchisees should conduct their own due diligence, including speaking with existing franchisees, to gain a more comprehensive understanding of the franchise development process and timeline.