How many Auntie Annes outlets were operating in Oklahoma at the start of 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 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| Oklahoma | 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 |
| 2023 | 5 | 1 | 0 | 0 | 0 | 0 | 6 |
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, there were 5 franchised outlets operating in Oklahoma at the start of 2023. This information is based on Table No. 3, which details the status of franchised outlets from 2021 to 2023.
This means that a prospective franchisee in 2023 would have been joining a state with a small, established presence. The existing stores may provide brand recognition and customer base, but also existing competition for the new franchisee.
It is important to note that these figures only reflect shops open and operated by franchisees as of December 31st of each year. The table does not include information on signed franchise agreements for shops that had not yet opened or agreements that were terminated before the shop's opening. This should be considered when evaluating the growth potential and market saturation in Oklahoma.