What was the total number of Remax franchise transfers in Pennsylvania during the year 2022?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Pennsylvania | 2022 | 2 |
| 2023 | 6 | |
| 2024 | 3 |
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 2 franchise transfers in Pennsylvania during 2022. This information is based on the table summarizing transfers of outlets from franchisees to new owners, excluding transfers back to Remax itself. The table provides a state-by-state breakdown of these transfers for the years 2022, 2023, and 2024.
Franchise transfers can be an important indicator of the health and stability of a franchise system within a specific region. A higher number of transfers might suggest a more active market for existing franchises, while a lower number could indicate fewer owners seeking to sell their businesses. For a prospective Remax franchisee, understanding the transfer activity in their desired state can offer insights into the local market dynamics and potential exit strategies.
It's worth noting that this data only reflects transfers to new owners and does not include instances where Remax reacquired the outlet. The reasons behind franchise transfers can vary widely, including retirement, relocation, or a change in business interests. Therefore, while the number of transfers provides a snapshot of activity, further investigation into the specific circumstances surrounding those transfers may be beneficial for prospective franchisees.
Overall, the transfer data provides valuable context for evaluating the Remax franchise opportunity in Pennsylvania. While 2 transfers in 2022 may seem like a small number, it is important to consider this figure in relation to other factors, such as the total number of Remax outlets in the state and the overall trends in the real estate market. Reviewing this data in conjunction with other information in the FDD can help potential franchisees make a more informed decision.