How many Aplus company-owned outlets were open in New Jersey at the start of 2021?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlets at | Outlets | Outlets Reacquired | Outlets | Outlets Sold to | Outlets at | ||
|---|---|---|---|---|---|---|---|
| State | Year | ||||||
| Start of Year | Opened | from Franchisees | Closed | Franchisee1 | End of Year | ||
| NJ | 2021 | 21 | 0 | 0 | 0 | 0 | 21 |
| 2022 | 21 | 0 | 0 | 0 | 0 | 21 | |
| 2023 | 21 | 0 | 0 | 2 | 0 | 19 | |
| Totals | 2021 | 21 | 0 | 0 | 0 | 0 | 21 |
| 2022 | 21 | 0 | 0 | 0 | 0 | 21 | |
| 2023 | 21 | 0 | 0 | 2 | 0 | 19 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 65–68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, there were 21 company-owned Aplus outlets open in New Jersey at the start of 2021. The table provided in Item 20 of the FDD details the number of outlets at the start of the year, outlets opened, outlets reacquired from franchisees, outlets closed, outlets sold to franchisees and outlets at the end of the year for the years 2021, 2022, and 2023.
For a prospective franchisee, this information provides insight into the company's operational footprint in New Jersey. It shows the number of company-owned stores that Aplus operated in the state during the specified period. This can be useful for understanding the level of corporate presence and investment in the region.
It is important to note that while the number of company-owned stores remained constant at 21 in 2021 and 2022, it decreased to 19 by the end of 2023 due to 2 closures. This trend may indicate a strategic shift or specific challenges in the New Jersey market that potential franchisees should investigate further. Understanding the reasons behind these closures could be crucial for assessing the stability and growth potential of Aplus franchises in the area.
Prospective franchisees should consider asking Aplus about the reasons for the closures in 2023 and the overall strategy for company-owned stores versus franchised locations in New Jersey. This information can help them make a more informed decision about investing in an Aplus franchise.