How many total Aw outlets were operating at the end of 2024?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 5 | 6 | +1 |
| 2023 | 6 | 6 | 0 | |
| 2024 | 6 | 4 | -2 | |
| Affiliate- | 2022 | 2 | 1 | -1 |
| Owned | ||||
| 2023 | 1 | 1 | 0 | |
| 2024 | 1 | 1 | 0 | |
| Total Outlets | 2022 | 7 | 7 | 0 |
| 2023 | 7 | 7 | 0 | |
| 2024 | 7 | 5 | -2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 37–39)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, at the end of 2024, there were a total of 5 Aw outlets operating. This total comprises both franchised and affiliate-owned locations. Specifically, there were 4 franchised outlets and 1 affiliate-owned outlet in operation.
When evaluating the performance and stability of a franchise system, it is crucial to look at the changes in outlet numbers over time. In 2024, Aw experienced a net decrease of 2 outlets. This decrease consisted of a reduction of 2 franchised locations, while the number of affiliate-owned locations remained constant.
A prospective Aw franchisee should investigate the reasons behind the closure of the 2 franchised locations. Understanding whether these closures were due to financial underperformance, disputes with the franchisor, or other factors is essential for assessing the risks and opportunities associated with investing in an Aw franchise. Reviewing the list of former franchisees in Exhibit D may provide additional insights.