How many franchise outlets did Aplus have at the start of 2023?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of | Outlets at the End of | |
|---|---|---|---|---|
| the Year | the Year | Net Change | ||
| Franchise | 2021 | 260 | 251 | -9 |
| 2022 | 251 | 250 | -1 | |
| 2023 | 250 | 247 | -3 | |
| Company-Owned | 2021 | 21 | 21 | 0 |
| 2022 | 21 | 21 | 0 | |
| 2023 | 21 | 19 | -2 | |
| Total Outlets | 2022 | 281 | 272 | -9 |
| 2022 | 272 | 271 | -1 | |
| 2023 | 271 | 266 | -5 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 65–68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, at the start of 2023, Aplus had 250 franchise outlets. This number is part of a table summarizing the status of franchised outlets over the previous three years. The table also shows that Aplus had 251 franchise outlets at the start of 2022 and 260 at the start of 2021.
For a prospective franchisee, this information provides insight into the stability and growth of Aplus's franchise network. The number of franchise outlets decreased by one in 2022 and by three in 2023. This could indicate potential challenges within the franchise system, such as closures or terminations. A potential franchisee should investigate the reasons behind these decreases to assess the overall health and attractiveness of the franchise opportunity.
It's important to note that while the number of franchise outlets decreased slightly, this doesn't necessarily reflect the entire picture. Factors such as gross sales, customer satisfaction, and the opening of new territories could provide a more comprehensive understanding of the franchise's performance. Prospective franchisees should also consider the number of company-owned outlets, which remained relatively stable during this period, to gain a broader perspective on Aplus's overall business strategy.
Overall, the information on franchise outlet numbers is a valuable starting point for due diligence. A prospective Aplus franchisee should use this data to ask informed questions of the franchisor and existing franchisees, gaining a deeper understanding of the opportunities and challenges associated with this franchise system.