What was the net change in the number of franchised Aunt Millies Bakeries outlets during 2024?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet* Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 165 | 165 | 0 |
| 2023 | 165 | 170 | +5 | |
| 2024 | 170 | 154 | -16 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 38–42)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the net change in the number of franchised outlets during 2024 was a decrease of 16. At the start of 2024, there were 170 franchised outlets, and by the end of the year, the number had dropped to 154. This information is based on figures as of September 30, 2024.
The decrease in franchised outlets could be due to several factors, such as closures, terminations, or non-renewals of franchise agreements. It is important to note that this decrease occurred despite the fact that 12 outlets were transferred to new owners during the year. A prospective franchisee should investigate the reasons behind this net decrease to understand the stability and health of the franchise system.
Understanding the dynamics of outlet changes is crucial for potential franchisees. While a decrease in outlet numbers doesn't automatically indicate a failing system, it warrants further investigation. Factors such as the locations of closed outlets, the reasons for closure (e.g., poor performance, franchisee retirement), and the overall trend in outlet numbers over several years can provide a more comprehensive picture of the franchise's health and growth potential. This information can help a prospective franchisee assess the risks and opportunities associated with investing in an Aunt Millies Bakeries franchise.