What was the total number of Advanced Mobile Iv And Amiv outlets at the start of 2022?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2020 | 0 | 0 | +0 |
| 2021 | 0 | 0 | +0 | |
| 2022 | 0 | 17 | +17 | |
| 2023 | 17 | 16 | -1 | |
| Company or | 2020 | 0 | 0 | +0 |
| Affiliate Owned | ||||
| 2021 | 0 | 1 | +1 | |
| 2022 | 1 | 1 | +0 | |
| 2023 | 1 | 1 | +0 | |
| Total Outlets | 2020 | 0 | 0 | +0 |
| 2021 | 0 | 1 | +1 | |
| 2022 | 1 | 18 | +17 | |
| 2023 | 18 | 17 | -1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 50–54)
What This Means (2023 FDD)
According to Advanced Mobile Iv And Amiv's 2023 Franchise Disclosure Document, at the start of 2022, there was a total of 1 outlet. This total includes both franchised and company/affiliate-owned outlets. Specifically, there were 0 franchised outlets and 1 company or affiliate-owned outlet at the beginning of 2022.
For a prospective franchisee, this indicates that Advanced Mobile Iv And Amiv was a relatively new franchise system at the beginning of 2022. The fact that there was only one company-owned or affiliate outlet suggests that the company was just beginning to establish its presence in the market.
It's important to note the distinction between franchised and company-owned outlets. Franchised outlets are owned and operated by individual franchisees, while company-owned outlets are owned and operated directly by Advanced Mobile Iv And Amiv or its affiliates. The mix of franchised and company-owned outlets can provide insights into the company's growth strategy and its relationship with its franchisees. A higher number of company-owned stores initially may indicate a more controlled expansion strategy, while a greater number of franchised locations could suggest a focus on rapid growth through partnerships with franchisees.