How many Auntie Annes outlets in Arkansas were terminated in 2023?
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 | 1 | 0 | 0 | 0 | 0 | 7 | |
| Arkansas | 2022 | 7 | 0 | 1 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 0 | 1 | 0 | 0 | 0 | 5 |
Source: Item 20 — OUTLETS AND FRANCHISE INFORMATION (FDD pages 95–105)
What This Means (2024 FDD)
According to Auntie Annes's 2024 Franchise Disclosure Document, there was one termination of an Auntie Annes location in Arkansas during 2023. The table provided in Item 20 of the FDD details outlet information, including openings, terminations, and closures. At the start of 2023, there were six Auntie Annes outlets in Arkansas. During that year, there were no new openings, and one termination, resulting in five outlets at the end of the year.
This information is crucial for prospective franchisees as it provides insight into the stability and performance of Auntie Annes franchises in specific states. A high number of terminations could indicate potential issues with the franchise model or market conditions in that area. Conversely, a low number of terminations, as seen in Arkansas, may suggest a more stable business environment for Auntie Annes franchises.
It is important to note that terminations are just one factor to consider when evaluating a franchise opportunity. Other factors, such as the number of new openings, non-renewals, and transfers, should also be taken into account to get a comprehensive understanding of the franchise system's health and growth potential. Reviewing this data over several years, as presented in the FDD, can reveal trends and patterns that may not be apparent from a single year's data.