At the end of 2023, how many Auntie Annes outlets were operating in Nevada?
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 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | |
| Nevada | 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, at the end of 2023, there were 7 Auntie Anne's outlets operating in Nevada. The provided table in Item 20 of the FDD outlines the changes in outlet numbers across various states from 2021 to 2023. This includes details on outlets opening, terminations, non-renewals, re acquisitions by the franchisor, and outlets that ceased operations for other reasons. This information is crucial for prospective franchisees to understand the brand's performance and stability in different markets.
Specifically, for Nevada in 2023, there were 6 outlets at the start of the year, with 1 outlet opening and no terminations, non-renewals, re acquisitions, or other reasons for ceased operations. This resulted in a total of 7 outlets at the end of 2023. Reviewing these trends over multiple years, as presented in the table, can give potential franchisees insight into the growth and sustainability of Auntie Anne's in Nevada.
Understanding the dynamics of outlet changes, such as openings and closures, helps franchisees assess the market conditions and potential risks associated with investing in an Auntie Anne's franchise in Nevada. The data presented in Item 20 provides a transparent view of the brand's footprint and its evolution over time, which is essential for making informed investment decisions.