What is the stated reason for the closure of the Remax office named 'One' with Office ID 'R0490865'?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
| Office Id | Office Name | Name | City | State | Phone | Reason |
|---|---|---|---|---|---|---|
| R0480500 | One Stop | Ruben Sanchez | Alpharetta | GA | (678) 722-3332 | Ceased Operations |
Source: Item 1 — Business and Organization (FDD pages 334–464)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, the reason for the closure of the Remax office named 'One Stop' with Office ID 'R0480500' is 'Ceased Operations'. This indicates that the office has stopped its business activities.
For a prospective Remax franchisee, this information highlights the risk of business closure. While the FDD does not provide specific details on why the office ceased operations, it is important to note that business closures can occur for various reasons, including financial difficulties, market changes, or other unforeseen circumstances.
It is important for potential franchisees to conduct thorough due diligence, including market research and financial planning, to minimize the risk of business closure. Additionally, prospective franchisees should inquire with Remax about the factors that contribute to office closures and the support provided to franchisees facing difficulties.