How many Remax outlets in Texas ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor in 2024?
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 |
|---|---|---|---|---|---|---|---|---|
| Texas | 2022 | 251 | 15 | 10 | 13 | 0 | 8 | 235 |
| 2023 | 235 | 20 | 10 | 6 | 0 | 9 | 231 | |
| 2024 | 231 | 6 | 11 | 9 | 0 | 17 | 203 |
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 2024, 17 Remax outlets in Texas ceased operations for reasons other than terminations, non-renewals, or reacquisition by Remax. This is out of 231 outlets at the start of the year, with 6 new outlets opening during 2024.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Remax franchises in Texas. Understanding the reasons behind outlet closures, other than the typical terminations or non-renewals, can give a clearer picture of potential challenges or market conditions affecting Remax businesses in the state.
A high number of closures for 'other reasons' might indicate issues such as economic downturns, increased competition, or other unforeseen circumstances impacting franchisee success. Prospective franchisees should investigate these 'other reasons' to assess the risks and opportunities associated with investing in a Remax franchise in Texas.
It is important to note that while the FDD provides this historical data, future performance may vary. Potential franchisees should conduct thorough due diligence, including market research and financial analysis, to make an informed decision about investing in a Remax franchise.