In 2024, how many Aw outlets in Illinois ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Illinois | 2022 | 4 | 2 | 0 | 0 | 0 | 1 | 5 |
| 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| 2024 | 5 | 0 | 0 | 0 | 0 | 2 | 3 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 37–39)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, in 2024, two Aw outlets in Illinois ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor. This is according to the table outlining outlets and franchisee information. At the start of 2024, there were 5 Aw outlets in Illinois.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Aw franchises in Illinois. A high number of closures for 'other reasons' might indicate underlying issues with the business model, market conditions, or franchisor support in that specific region. It is important to note that these 'other reasons' are not defined in the FDD, so a prospective franchisee should ask Aw for more detail.
A prospective franchisee should investigate the reasons behind these closures to assess the potential risks and opportunities associated with investing in an Aw franchise in Illinois. Understanding why outlets close, beyond the typical reasons of termination or non-renewal, can help a franchisee make a more informed decision. This data point should be considered alongside other factors such as financial performance, brand recognition, and the level of support provided by Aw.