How many Remax outlets in South Carolina were not renewed in 2022?
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 |
|---|---|---|---|---|---|---|---|---|
| South Carolina | 2022 | 50 | 5 | 0 | 1 | 0 | 2 | 52 |
Source: Item 20 — **OUTLETS AND FRANCHISEE INFORMATION (FDD pages 89–108)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, in 2022, one Remax outlet in South Carolina was not renewed. This information is part of a broader table summarizing outlet data across various states and years. The table includes details such as the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year. This data helps prospective franchisees understand the dynamics of the Remax franchise network in different regions.
For a potential Remax franchisee, this specific data point provides insight into franchise longevity and renewal rates within South Carolina. A low number of non-renewals could be seen as a positive indicator of franchisee satisfaction and business success. However, it's essential to consider this figure in the context of other factors, such as terminations and reasons for ceased operations, to get a comprehensive understanding of outlet turnover.
It is also important to note that Item 20 of the Remax FDD includes lists of current and former franchisees, which can be valuable resources for prospective franchisees seeking firsthand information. However, the FDD also cautions that some franchisees may have signed agreements restricting their ability to speak openly about their experiences, which could limit the information available through these contacts. Therefore, it's advisable to gather information from multiple sources and perspectives to make an informed decision about investing in a Remax franchise.