In which state did Remax have the most terminations in 2023?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
024 | 0 | Table No. 2 Transfers of Outlets from Franchisees to New Owners (Other than the Franchisor) For Years 2022 to 2024
| State | Year | Number of Transfers | |---|---|---| | Puerto Rico | 2022 | 0 | | | 2023 | 0 | | | 2024 | 0 | | U.S. Virgin Islands | 2022 | 0 | | | 2023 | 0 | | | 2024 | 0 | | Total | 2022 | 107 | | | 2023 | 91 | | | 2024 | 95 | Status of Franchised Outlets For Years 2022 to 2024
| 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 - Oth
Source: Item 20 — **OUTLETS AND FRANCHISEE INFORMATION (FDD pages 89–108)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, Texas and New Jersey both had the highest number of terminations in 2023, with 10 terminations each. These figures are based on the number of outlets that were terminated during Remax's most recently completed fiscal year.
It is important to note that terminations can occur for various reasons, including voluntary decisions by the franchisee, failure to meet Remax's standards, or other breaches of the franchise agreement. A high number of terminations in a particular state could indicate challenges within that market or specific issues with franchisee performance.
A prospective Remax franchisee should further investigate the reasons behind terminations in states they are considering for their franchise. Understanding the causes of these terminations can provide valuable insights into the potential risks and opportunities associated with operating a Remax franchise in those areas. This information can be obtained by speaking with current and former franchisees, as well as directly with the franchisor.