How many total Afuri Ramen Dumpling outlets were operating at the start of 2023?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 2 | 3 | +1 |
| 2022 | 3 | 3 | 0 | |
| 2023 | 3 | 1 | -2 | |
| Company or | 2021 | 3 | 3 | 0 |
| Affiliate | ||||
| Owned* | ||||
| 2022 | 3 | 4 | +1 | |
| 2023 | 4 | 5 | +1 | |
| Total Outlets | 2021 | 5 | 6 | +1 |
| 2022 | 6 | 7 | +1 | |
| 2023 | 7 | 6 | -1 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 46–49)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, at the start of 2023, there were a total of 7 Afuri Ramen Dumpling outlets operating. This number includes both franchised and company-owned or affiliated outlets. Specifically, there were 3 franchised outlets and 4 company or affiliate-owned outlets at the beginning of 2023.
For a prospective franchisee, this indicates the existing scale of Afuri Ramen Dumpling's operations at that time. It's important to note that the total number of outlets decreased to 6 by the end of 2023, with franchised locations decreasing by 2 and company-owned locations increasing by 1. This suggests potential instability or closures within the franchise system during that year, which a potential franchisee should investigate further.
Understanding the historical changes in outlet numbers, as well as the reasons behind these changes, is crucial for evaluating the stability and growth potential of an Afuri Ramen Dumpling franchise. A prospective franchisee should inquire about the reasons for outlet closures and the strategies the franchisor has in place to support franchisees and maintain a healthy franchise system.