What was the net change in the number of franchised Aw outlets during 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, the net change in the number of franchised outlets during 2024 was -2. This means that Aw had two fewer franchised locations at the end of 2024 than it did at the beginning of the year. Specifically, the number of franchised Aw locations decreased from 6 at the start of 2024 to 4 by the end of the year.
This decrease in franchised locations could be due to several factors, such as closures, terminations, or non-renewals of franchise agreements. Further details from the table show that in Illinois, the number of outlets decreased by 2 due to 'ceased operations other reasons'. In Indiana, the number of outlets remained the same.
A prospective Aw franchisee should investigate the reasons behind this net decrease to understand the health and stability of the franchise system. Understanding why outlets closed or were terminated can provide valuable insight into potential challenges and risks associated with investing in an Aw franchise.