What was the net change in the total number of Auntie Annes outlets from the start to the end of 2021?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
ETS AND FRANCHISE INFORMATION**
Table No. 1 Systemwide Outlet Summary For Years 2021 to 2023
| 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 |
| Outlet Type | Year | Outlets at the Start | Outlets at the End | Net Change |
|---|---|---|---|---|
| of the Year | of the Year | |||
| 2021 | 1152 | 1138 | -14 | |
| Total Outlets | 2022 | 1138 | 1146 | +8 |
| 2023 | 1146 | 1167 | +21 |
**Table No.
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 total number of outlets experienced a net decrease of 14 locations during 2021. At the beginning of 2021, there were 1,152 Auntie Annes outlets, which decreased to 1,138 by the end of the year. This net change of -14 reflects the overall contraction in the number of Auntie Annes stores during that period.
Of these outlets, 1,140 were franchised locations at the start of 2021, which decreased to 1,126 by the end of the year, also resulting in a net change of -14 for franchised locations. During the same period, the number of affiliate-owned Auntie Annes locations remained stable, with 12 outlets at both the beginning and end of 2021, showing a net change of zero.
For a prospective franchisee, this data indicates a challenging year for the Auntie Annes system in 2021, with more closures than openings. It would be prudent to investigate the reasons behind this net decrease, such as economic factors, lease issues, or performance problems at specific locations. Understanding the dynamics that led to these closures can help a new franchisee assess the risks and opportunities associated with investing in an Auntie Annes franchise.