What was the net change in the number of company-owned Aplus outlets during 2023?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
FRANCHISEE INFORMATION**
Table No. 1 System Outlet Summary
FOR YEARS 2021 TO 2023
| Outlet Type | Year | Outlets at the Start of | Outlets at the End of | |
|---|---|---|---|---|
| the Year | the Year | Net Change | ||
| Franchise | 20 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 65–68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the net change in the number of company-owned outlets during 2023 was a decrease of 2. The number of company-owned Aplus outlets started the year 2023 with 21 outlets and ended the year with 19 outlets.
For a prospective franchisee, this indicates a slight contraction in the number of company-operated stores. While not drastic, a decrease in company-owned locations could signal a strategic shift towards more franchised locations or potential challenges in operating company-owned stores. It is important to note that while the total number of company-owned stores decreased, no outlets were reacquired from franchisees or sold to franchisees during this period.
It is important for potential franchisees to understand the reasons behind changes in the number of company-owned stores. Aplus closed 2 company-owned stores in New Jersey during 2023. Understanding the performance and strategic importance of company-owned stores can provide valuable insights into the overall health and direction of the Aplus franchise system.
Prospective franchisees should inquire about the reasons for the decrease in company-owned stores. Understanding the rationale behind these changes can help franchisees assess the stability and strategic direction of the Aplus franchise system.