What was the total number of Remax outlets that ceased operations for reasons other than termination, non-renewal, or reacquisition in North Dakota during 2024?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 - Other Reasons | Outlets at the End of the Year |
|---|---|---|---|---|---|---|---|---|
| North Dakota | 2022 | 10 | 0 | 0 | 0 | 0 | 0 | 10 |
| 2023 | 10 | 0 | 0 | 0 | 0 | 0 | 10 | |
| 2024 | 10 | 0 | 0 | 0 | 0 | 3 | 7 |
Source: Item 20 — **OUTLETS AND FRANCHISEE INFORMATION (FDD pages 89–108)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, in 2024, 3 Remax outlets in North Dakota ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor. This figure is important for potential franchisees to consider, as it reflects the stability and performance of Remax franchises in that specific state. Examining the reasons behind these closures, if available, could provide valuable insights.
It's worth noting that the number of outlets that ceased operations for 'other reasons' can vary significantly from year to year and from state to state. This could be due to a variety of factors such as local market conditions, franchisee performance, or other unforeseen circumstances. Prospective franchisees should investigate these 'other reasons' to understand the specific challenges and opportunities in their target market.
For a comprehensive understanding, a potential Remax franchisee should also look at the broader trends in outlet performance, including the number of new openings, terminations, and non-renewals. This information, combined with an understanding of the 'other reasons' for closures, can provide a more complete picture of the health and stability of the Remax franchise system in North Dakota. This due diligence is crucial for making an informed investment decision.