In which states does Amorino have at least one franchise agreement signed, but the outlet not yet opened?

According to Amorino's 2025 Franchise Disclosure Document, as of December 31, 2024, several states had franchise agreements signed but the outlets were not yet open. Specifically, Indiana had one such agreement, Pennsylvania had one, Texas had two, Virginia had one, and Washington D.C. had one. This information is crucial for prospective franchisees as it provides a snapshot of Amorino's current expansion pipeline.

For a potential franchisee, this data indicates where Amorino is focusing its growth efforts. Seeing multiple signed agreements in a state like Texas might suggest a strong market interest or franchisor support in that region. Conversely, a single agreement in a state could represent a higher risk or a more pioneering opportunity. It is important to note that these are only agreements signed as of the end of 2024, and the situation may have changed since then.

It's also worth noting that the FDD includes projections for new franchised outlets in the next fiscal year. For example, Arkansas, Florida, and Illinois are each projected to have one new franchised outlet. Texas is projected to have three new franchised outlets. Indiana, Pennsylvania, Virginia, and Washington D.C. are each projected to have one new franchised outlet. Comparing these projections with the current status of signed agreements can give a sense of Amorino's development strategy and the potential for future growth in these areas.

Prospective franchisees should investigate the reasons behind the signed but unopened agreements. Delays could be due to various factors such as site selection, permitting, construction, or franchisee financing issues. Understanding these factors can help a new franchisee better assess the risks and timelines associated with opening their own Amorino franchise.