How many Sonesta Simply Suites outlets were sold to franchisees in Michigan during 2022?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
11 | | | 2023 | 11 | 4 | 0 | 0 | 0 | 1 | 14 | | | 2024 | 14 | 5 | 2 | 0 | 0 | 0 | 17 |
TABLE NO. 4 STATUS OF COMPANY-OWNED OUTLETS FOR YEARS 2022 to 2024
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired From Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 74–79)
What This Means (2025 FDD)
According to Sonesta Simply Suites' 2025 Franchise Disclosure Document, one outlet in Michigan was sold to a franchisee during 2022. The table provided in Item 20 outlines the status of franchised outlets from 2022 to 2024, showing the number of outlets at the start of the year, outlets opened, reacquired, closed, and sold to franchisees, as well as the number of outlets at the end of the year.
For a prospective franchisee, this indicates the level of franchise activity within Michigan. Knowing that one outlet was sold to a franchisee in 2022 provides some insight into the market dynamics and potential opportunities within the state. However, it's important to note that no outlets were sold to franchisees in Michigan during 2023 and 2024, which could suggest a change in market conditions or franchisor strategy.
It is also important to consider this information in conjunction with other data points in the FDD, such as the number of outlets opened, closed, or reacquired by the franchisor. This will provide a more comprehensive understanding of the franchise's performance and stability in Michigan. Additionally, prospective franchisees should speak with current and former franchisees in Michigan to gain firsthand insights into their experiences and the challenges and opportunities they have encountered.