What was the total number of affiliate-owned Auntie Annes outlets at the end of 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, at the end of 2022, there were 11 affiliate-owned outlets. The table provided in Item 20 of the FDD outlines the status of both franchised and affiliate-owned outlets from 2021 to 2023. This information is crucial for potential franchisees to understand the composition and changes within the Auntie Annes system.
Specifically, the table details the number of affiliate-owned outlets at the start and end of each year, as well as the net change. For 2022, the number of affiliate-owned Auntie Annes outlets began at 12 and ended at 11, indicating a net decrease of 1 outlet during that year.
Understanding the number and changes in affiliate-owned stores can give franchisees insight into the company's growth strategy and its reliance on corporate-owned versus franchised locations. Monitoring these trends over several years, as presented in the FDD, provides a clearer picture of the stability and expansion efforts within the Auntie Annes franchise system.