What was the net change in the total number of Afuri Ramen Dumpling outlets during 2021?
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, the total net change in the number of outlets during 2021 was +1. This increase reflects the addition of one new franchised location, while the number of company-owned or affiliate-owned locations remained the same. Specifically, the number of franchised outlets increased from 2 at the start of 2021 to 3 by the end of the year, resulting in a net change of +1. The company-owned or affiliate outlets remained constant at 3 throughout the year.
For a prospective franchisee, this indicates a modest growth in the Afuri Ramen Dumpling system during 2021. While not explosive, a net positive change suggests some expansion and stability. It's important to note that the growth was entirely in franchised locations, with no change in company-owned stores. This could signal a strategic focus on franchising as the primary growth model for Afuri Ramen Dumpling.
It is important for potential franchisees to investigate the reasons behind the growth and stability. Understanding the factors that contributed to the opening of new franchised locations, as well as the reasons for no change in company-owned stores, can provide valuable insights. Further research into the performance and support provided to franchisees during this period would also be beneficial in assessing the overall health and potential of the Afuri Ramen Dumpling franchise system.