How many Remax outlets in Iowa were not renewed in 2023?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Column 2 Year | Column 3 Outlets at Start of Year | Column 4 Outlets Opened | Terminations | Column 6 Non- renewals | Reacquired by Franchisor | Ceased Operations - Other Reasons | Outlets at the End of the Year |
|---|---|---|---|---|---|---|---|---|
| Iowa | 2022 | 72 | 7 | 1 | 0 | 0 | 3 | 75 |
| 2023 | 75 | 4 | 0 | 1 | 0 | 0 | 74 | |
| 2024 | 74 | 1 | 0 | 1 | 0 | 1 | 74 |
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 was one Remax outlet in Iowa that was not renewed in 2023. At the start of 2023, there were 75 outlets. During 2023, four new outlets were opened. There were zero terminations, one non-renewal, zero outlets reacquired by the franchisor, and zero that ceased operations for other reasons. At the end of 2023, there were 74 Remax outlets in Iowa.
Non-renewals occur when a franchisee's agreement expires and the franchisee chooses not to renew it, or Remax chooses not to offer a renewal. This can happen for a variety of reasons, such as the franchisee's poor performance, failure to comply with the franchise agreement, or simply a decision to exit the business. For a prospective franchisee, understanding the rate of non-renewals can provide insights into the satisfaction of existing franchisees and the overall health of the franchise system.
It is important to note that non-renewal is different from a termination. Terminations typically occur when the franchisor ends the agreement due to the franchisee's violation of the franchise agreement. Non-renewals, on the other hand, can be a mutual decision or a unilateral decision by either party at the end of the franchise term. A high number of non-renewals could indicate underlying issues within the franchise system that a potential franchisee should investigate further.