What was the net change in the number of franchised Afuri Ramen Dumpling outlets during 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 |
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, the net change in the number of franchised outlets during 2023 was -2. This means that the total number of franchised Afuri Ramen Dumpling locations decreased by two during that year.
Specifically, the number of franchised Afuri Ramen Dumpling locations started at 3 at the beginning of 2023 and ended the year at 1. This decrease could be due to closures, terminations, or non-renewals of franchise agreements.
A prospective franchisee should inquire about the reasons for this decrease to understand the health and stability of the franchise system. Understanding why these closures occurred can provide valuable insight into potential challenges and risks associated with owning an Afuri Ramen Dumpling franchise.