table_specific

How many Sonesta Select Sonesta Essential franchises were transferred in Alabama during 2023?

Sonesta_Select_Sonesta_Essential Franchise · 2025 FDD

Answer from 2025 FDD Document

State Year Number of Transfers
2022 0
Alabama 2023 1
2024 0

Source: Item 20 — **OUTLETS AND FRANCHISEE INFORMATION (FDD pages 75–84)

What This Means (2025 FDD)

According to Sonesta Select Sonesta Essential's 2025 Franchise Disclosure Document, there was one franchise transferred in Alabama during 2023. This information is crucial for potential franchisees as it provides insight into the stability and desirability of existing franchise locations. A transfer indicates a change in ownership, which could be due to various factors such as the previous owner's retirement, financial difficulties, or a strategic decision to sell.

The number of transfers can be an important indicator of the health of the franchise system within a specific region. A high number of transfers might suggest underlying issues with profitability or franchisee satisfaction, while a low number could indicate stability and success. In this case, one transfer in Alabama during 2023 might not be significant on its own, but it should prompt further investigation into the reasons behind the transfer.

Prospective franchisees should consider this information in conjunction with other data provided in Item 20 of the FDD, such as the number of terminations, non-renewals, and reacquired franchises. It is also advisable to speak with current and former franchisees in Alabama to gain a deeper understanding of their experiences and the factors that may have influenced the transfer. This due diligence can help a potential franchisee make a more informed decision about investing in a Sonesta Select Sonesta Essential franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.