For Remax, what was the total number of outlets at the end of 2024 in the state of Delaware?
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 |
|---|---|---|---|---|---|---|---|---|
| Delaware | 2022 | 40 | 1 | 0 | 1 | 0 | 0 | 40 |
| 2023 | 40 | 0 | 0 | 1 | 0 | 0 | 39 | |
| 2024 | 39 | 0 | 0 | 1 | 0 | 1 | 37 |
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 3 Remax outlets in Delaware at the end of 2024. At the start of 2024, there were 3 outlets. During 2024, no new outlets opened, no outlets were terminated, and no outlets were reacquired by Remax. However, one outlet ceased operations for other reasons, and one non-renewal occurred, resulting in a total of 3 outlets at the end of the year.
For a prospective franchisee, this data indicates the stability and changes within the Remax franchise network in Delaware. The fact that no new locations opened and one closed suggests a stable but potentially limited market for new franchises in that state.
It is important to note that 'Other Reasons' for ceased operations are not specified in the table. A potential franchisee should investigate the reasons for the outlet closure to understand the market dynamics and potential challenges in Delaware. Understanding the specific reasons for closures and non-renewals can provide valuable insights into the health and sustainability of Remax franchises in the area.