What was the total number of Aplus franchise outlets at the end of 2022?
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 end of 2022, there were 250 franchise outlets. This is a net decrease of 1 franchise compared to the 251 at the start of the year.
For a prospective franchisee, this data indicates a slight contraction in the number of franchise outlets during 2022. While a decrease of one unit may seem insignificant, it's important to investigate the reasons behind this change. Understanding whether this was due to terminations, non-renewals, or other factors can provide valuable insight into the health and stability of the Aplus franchise system.
It would be prudent for potential franchisees to discuss these figures with Aplus and current franchisees to understand the dynamics of outlet changes and the overall support and success rates within the franchise system. Further research into the specific reasons for outlet changes can help in making an informed investment decision.