What was the total number of Remax franchise transfers across all locations in 2023?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 20: **OUTLETS AND FRANCHISEE INFORMATION]
| 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 |
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 a total of 91 franchise transfers across all locations in 2023. This number reflects transfers of outlets from existing franchisees to new owners, excluding transfers back to Remax itself. Franchise transfers can occur for various reasons, such as a franchisee retiring, selling their business, or facing financial difficulties.
For a prospective Remax franchisee, the number of transfers can provide insights into the stability and desirability of owning a Remax franchise. A high number of transfers might indicate challenges within the franchise system, such as low profitability or dissatisfaction among franchisees. Conversely, a lower number could suggest a more stable and successful franchise network. However, it's important to consider the reasons behind the transfers, as some may simply be due to franchisees retiring or pursuing other opportunities.
It is important to note that the data provided in the FDD may not capture the full picture of franchise transfers. There may be instances where transfers occur but are not reported or tracked in the FDD. Therefore, it is advisable for prospective franchisees to conduct their own due diligence and speak with current and former franchisees to gain a more comprehensive understanding of the transfer activity within the Remax system. Understanding the reasons behind franchise transfers can help a prospective franchisee assess the risks and opportunities associated with investing in a Remax franchise.
Overall, the transfer rate is a valuable metric for evaluating the health and stability of a franchise system. While 91 transfers may seem like a significant number, it is essential to consider the size of the Remax franchise network and the various factors that can contribute to franchise transfers. By carefully analyzing the transfer data and conducting thorough due diligence, prospective franchisees can make informed decisions about whether to invest in a Remax franchise.