What was the number of Remax franchises in Washington that 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 |
|---|---|---|---|---|---|---|---|---|
| Washington | 2022 | 79 | 4 | 0 | 2 | 0 | 6 | 75 |
| 2023 | 75 | 9 | 3 | 2 | 0 | 1 | 78 | |
| 2024 | 78 | 1 | 3 | 2 | 0 | 3 | 71 |
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 3 Remax franchises in Washington that were terminated in 2023. This information is based on the table outlining the status of franchised outlets from 2022 to 2024. The table provides a year-by-year breakdown of outlets, including the number of outlets at the start of the year, the number of 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.
For a prospective Remax franchisee, this data indicates the stability and turnover rate of franchises within the Washington market. Terminations can occur for various reasons, including failure to meet performance standards, breach of contract, or voluntary closure by the franchisee. A higher number of terminations might suggest potential challenges within the region, such as market saturation or difficulties in maintaining profitability.
It's important to note that terminations are just one factor to consider when evaluating a franchise opportunity. Non-renewals and outlets ceasing operations for other reasons also contribute to the overall picture of franchise stability. Prospective franchisees should investigate the reasons behind terminations and other closures to gain a deeper understanding of the market dynamics and potential risks involved in operating a Remax franchise in Washington.
By examining these trends over several years, potential franchisees can better assess the risks and opportunities associated with investing in a Remax franchise in Washington. This information, combined with conversations with current and former franchisees, can provide a comprehensive view of the franchise's performance and potential for success in the region.