What was the total number of Remax outlet transfers in Pennsylvania during the years 2022-2024?
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, the total number of outlet transfers in Pennsylvania for the years 2022 to 2024 was 11. Specifically, there were 2 transfers in 2022, 6 transfers in 2023, and 3 transfers in 2024. This information is detailed in Item 20 of the FDD, which covers outlets and franchisee information. This data reflects transfers from existing franchisees to new owners, excluding transfers back to Remax itself.
For a prospective Remax franchisee, understanding the number of transfers can provide insights into the stability and desirability of existing franchise locations. A high number of transfers might indicate challenges within the market or specific locations, while a low number could suggest franchisee satisfaction and profitability. It is important to note that these numbers are specific to Pennsylvania and may not be representative of transfer activity in other states or regions.
A potential franchisee should investigate the reasons behind these transfers to better assess the opportunities and risks associated with acquiring an existing Remax franchise in Pennsylvania. Understanding the context behind these transfers, such as the financial performance of the transferred outlets or the reasons for the previous owners' departures, is crucial for making an informed investment decision. This information is not provided in the FDD excerpt.
The FDD also includes information on terminations, non-renewals, and other reasons for ceased operations, which, alongside transfer data, can provide a comprehensive view of outlet turnover. Reviewing these figures in combination with the transfer data can offer a more nuanced understanding of the dynamics within the Remax franchise system in Pennsylvania. Prospective franchisees should also consider speaking with current and former franchisees to gather additional insights, keeping in mind that some franchisees may have signed agreements restricting their ability to discuss their experiences openly.