Question 1

How many OpenWorks franchise locations are there?

Accepted Answer

OpenWorks currently has 414 total units, including 414 franchised locations and 0 company-owned locations.

Question 2

Is the OpenWorks franchise system growing or shrinking?

Accepted Answer

OpenWorks has experienced negative net growth of -32.7% over the past year, with a 3-year compound annual growth rate (CAGR) of -17.1%.

Question 3

What is the franchise vs. company-owned ratio for OpenWorks?

Accepted Answer

OpenWorks has a franchise ratio of 100%, meaning 100% of all units are franchisee-owned. This is a heavily franchised system.

Question 4

How many OpenWorks franchise units have opened and closed recently?

Accepted Answer

In the most recent reporting year (2024), OpenWorks had 56 units opened and 257 units closed.