What specific factors are driving the 100% increase in unit closures from 2023 (12 units) to 2025 (24 units)?
#1
Can you provide detailed information on the reasons franchisees are exiting the system through transfers (49 transfers in 2025)?
#2
What support or intervention strategies have been implemented in response to the rising closure trend?
#3
Are there specific geographic regions or unit types experiencing higher closure rates than others?
#4
How does the current closure rate compare to historical averages for this franchise system before 2023?
#5
What is the financial performance range for units that are closing versus those that are transferring?
#6
Does the franchise provide any financial assistance or turnaround support to underperforming units before closure?
#7
Can you clarify what is categorized as 'Ceased Other' in the exit data, and how frequently this occurs?
#8
What renewal rate or non-renewal rate data is available, and how do these compare to the closure and transfer rates?
#9
Are there specific contractual or performance metrics that trigger franchisor intervention in struggling units?
#10
What percentage of transferred units remain within the franchise system versus being sold to third parties?
#11
How many units have been in operation for less than 2 years, and what is their closure/exit rate compared to mature units?
#12
Can you provide Item 19 financial performance data, specifically median or average gross sales for operating units?
#13
What are the current unit count targets, and is the stable unit count of 565-568 aligned with system growth objectives?
#14
Are there any pending or recent litigation cases that may be contributing to unit exits or transfers?
#15
What is the average lifespan of a franchisee relationship, and what percentage of franchise agreements reach renewal?
#16
How does the transfer fee structure impact the decision of franchisees to transfer versus close their units?
#17