In 2023, how many Auntie Annes outlets ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor in Arizona?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Termin ations | Non Renewals | Reacquired by Franchisor | Ceased Operations - Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| 2021 | 8 | 0 | 2 | 0 | 0 | 0 | 6 | |
| Arizona | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 1 | 0 | 0 | 0 | 0 | 7 |
Source: Item 20 — OUTLETS AND FRANCHISE INFORMATION (FDD pages 95–105)
What This Means (2024 FDD)
According to Auntie Anne's 2024 Franchise Disclosure Document, in 2023, zero Auntie Anne's outlets in Arizona ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor. The provided table in Item 20 of the FDD outlines outlet data by state and year, including a column for 'Ceased Operations - Other Reasons.'
This data point is crucial for prospective franchisees as it offers insight into the stability and sustainability of Auntie Anne's franchises in specific geographic locations. A consistent record of zero or low numbers in this category suggests that Auntie Anne's locations are generally not closing due to unforeseen or unlisted factors, which could include financial difficulties, poor location performance, or other operational challenges.
For a prospective franchisee, this information can be reassuring. However, it is essential to consider this data in conjunction with other factors such as terminations and non-renewals, as well as the overall financial performance of Auntie Anne's franchises, to gain a comprehensive understanding of the risks and opportunities associated with investing in an Auntie Anne's franchise.