What is the total number of Aw outlets (franchised and affiliate-owned) 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, encompassing both franchised and affiliate-owned locations. Specifically, there were 4 franchised outlets and 1 affiliate-owned outlet. This represents a net decrease of 2 outlets compared to the beginning of the year, with the franchised locations experiencing the decline.
For a prospective Aw franchisee, this data indicates a relatively small and somewhat contracting franchise system. The decrease in franchised locations in 2024 could be a point of concern, warranting further investigation into the reasons behind the closures. Understanding the factors that led to these closures can help a potential franchisee assess the risks and opportunities associated with investing in an Aw franchise.
It is important to note that while the total number of outlets provides a snapshot of the system's size, it doesn't reveal the whole picture. Factors such as the financial performance of existing outlets, the level of support provided by the franchisor, and the overall market conditions in the areas where Aw operates are also crucial considerations for prospective franchisees. Reviewing Exhibit D of the FDD will provide a list of current and former franchisees for further investigation.
Therefore, a potential franchisee should conduct thorough due diligence, including speaking with current and former franchisees, to gain a comprehensive understanding of the Aw franchise system and its potential for success.