What was the net change in the number of Remax outlets in Michigan from the start of 2022 to the end of 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 |
|---|---|---|---|---|---|---|---|---|
| Michigan | 2022 | 141 | 3 | 3 | 0 | 0 | 3 | 138 |
| 2023 | 138 | 3 | 5 | 2 | 0 | 4 | 130 | |
| 2024 | 130 | 2 | 2 | 1 | 0 | 4 | 127 |
Source: Item 20 — **OUTLETS AND FRANCHISEE INFORMATION (FDD pages 89–108)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, the number of Remax outlets in Michigan experienced a net decrease of 14 locations between the start of 2022 and the end of 2024. At the beginning of 2022, there were 141 Remax outlets in Michigan. By the end of 2024, this number had decreased to 127.
Specifically, in 2022, Michigan started with 141 outlets and ended the year with 138, representing a decrease of 3 outlets. In 2023, the state began with 138 outlets and concluded with 130, marking a reduction of 8 outlets. Finally, in 2024, Michigan started with 130 outlets and finished with 127, indicating a further decrease of 3 outlets.
This data indicates a consistent decline in the number of Remax franchises in Michigan over the three-year period. A prospective franchisee should investigate the reasons behind this trend, such as market conditions, competition, or franchisee performance, to assess the potential risks and opportunities in the Michigan market.