How many Aplus company-owned outlets were sold to a franchisee between 2021 and 2023?
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, no company-owned outlets were sold to franchisees between 2021 and 2023. The provided table regarding the status of company-owned outlets indicates that in 2021, Aplus had 21 company-owned outlets at the start of the year and 21 at the end of the year. In 2022, Aplus had 21 company-owned outlets at the start of the year and 21 at the end of the year. In 2023, Aplus had 21 company-owned outlets at the start of the year and 19 at the end of the year.
The table includes a column specifically for 'Outlets Sold to Franchisee,' and the values in this column are '0' for each year from 2021 to 2023. This indicates that Aplus did not sell any of its company-owned outlets to franchisees during this period. The decrease in company-owned stores from 21 to 19 in 2023 is attributed to store closures, not sales to franchisees.
For a prospective franchisee, this information suggests that Aplus has not been actively transferring company-owned locations to franchisees. This could mean that opportunities to acquire existing, established Aplus locations directly from the company may be limited. A potential franchisee interested in acquiring an existing Aplus store should inquire directly with the franchisor about the availability of such opportunities and the conditions under which Aplus might consider selling a company-owned location.