What was the net change in the number of affiliate-owned Auntie Annes outlets during 2022?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2021 | 1140 | 1126 | -14 | |
| Franchised | 2022 | 1126 | 1135 | +9 |
| 2023 | 1135 | 1156 | +21 | |
| 2021 | 12 | 12 | +0 | |
| Affiliate-Owned | 2022 | 12 | 11 | +1 |
| 2023 | 11 | 11 | +0 |
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, the net change in the number of affiliate-owned outlets during 2022 was -1. At the start of 2022, there were 12 affiliate-owned Auntie Annes outlets. By the end of 2022, this number decreased to 11.
This indicates a slight contraction in the number of company-operated stores. For a prospective franchisee, this information provides insight into the performance and strategic decisions related to Auntie Annes's corporate-owned locations. A decrease in affiliate-owned stores could suggest a strategic shift towards more franchised locations or could reflect challenges in operating company-owned stores.
It is important to note that while the total number of franchised Auntie Annes locations increased during this same period, the performance and financial results of affiliate-owned stores may differ. A potential franchisee should consider this information in conjunction with other data provided in the FDD, such as financial performance representations and franchisee turnover rates, to gain a comprehensive understanding of the Auntie Annes franchise system.