What was the net change in the number of total Atwell Suites outlets during 2024?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| (Column 1) | (Column 2) | (Column 3) | (Column 4) | (Column 5) |
|---|---|---|---|---|
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
| Company | 2022 | 0 | 0 | 0 |
| Owned | 2023 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | |
| Total Outlets | 2022 | 0 | 2 | 2 |
| 2023 | 2 | 2 | 0 | |
| 2024 | 2 | 6 | 4 |
Source: Item 20 — OUTLETS ANDFRANCHISEE INFORMATION (FDD pages 95–98)
What This Means (2025 FDD)
According to Atwell Suites' 2025 Franchise Disclosure Document, the net change in the number of total outlets during 2024 was an increase of 4 locations. At the start of 2024, there were 2 total Atwell Suites outlets, and by the end of the year, this number had grown to 6.
This growth indicates a positive trend for the Atwell Suites franchise system. Potential franchisees may view this expansion as a sign of a healthy and growing brand. It's important to note that while the net change reflects overall growth, it doesn't specify the reasons behind the change. For example, it does not clarify how many new locations opened versus how many may have closed or terminated.
It is also important to consider that all of the Atwell Suites locations are licensed and none are company owned. This may indicate that Atwell Suites is focused on a franchise growth model rather than investing in company-owned locations. A potential franchisee may want to understand the support and resources Atwell Suites provides to its franchisees to ensure successful operation of these new locations.