In Missouri, how many Remax franchises were terminated 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 |
|---|---|---|---|---|---|---|---|---|
| Missouri | 2022 | 81 | 3 | 1 | 1 | 0 | 0 | 82 |
| 2023 | 82 | 3 | 7 | 2 | 0 | 1 | 74 | |
| 2024 | 74 | 2 | 3 | 4 | 0 | 1 | 69 |
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 7 Remax franchises terminated in Missouri during 2023. The table in Item 20 provides a detailed breakdown of outlet activity by state and year, including the number of terminations. This information is crucial for potential franchisees to understand the stability and turnover within the Remax franchise system in specific geographic areas.
Franchise terminations can occur for various reasons, including failure to meet performance standards, violation of the franchise agreement, or other business-related issues. A high number of terminations in a particular area might indicate challenges or difficulties in operating a Remax franchise in that market. Therefore, prospective franchisees should carefully analyze these figures and consider the factors that may have contributed to the terminations.
It is also important to note that terminations are just one aspect of franchise outlet activity. The table also includes data on outlets opened, non-renewals, reacquired franchises, and outlets that ceased operations for other reasons. By examining these figures in conjunction with the termination data, potential franchisees can gain a more comprehensive understanding of the dynamics within the Remax franchise system and assess the overall health and performance of franchises in different states.
Before investing in a Remax franchise, it would be prudent for potential franchisees to speak with current and former franchisees in Missouri to gather additional insights into the local market conditions and the reasons behind the terminations. This due diligence can help them make a more informed decision and better prepare for the challenges and opportunities of operating a Remax franchise in that area.