In 2023, how many Bananas Smoothies Frozen Yogurt outlets were opened in New Jersey?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlets at Start | Outlets | Outlets Reacquired From | Outlets | Outlets Sold to | Outlets At End Of The | ||
|---|---|---|---|---|---|---|---|
| State | Year | of Year | Opened | Franchisee | Closed | Franchisee | Year |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| California | 2023 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2024 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Nevada | 2023 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2024 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | |
| New Jersey | 2023 | 0 | 1 | 0 | 0 | 0 | 1 |
| 2024 | 1 | 0 | 0 | 0 | 0 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 54–57)
What This Means (2025 FDD)
According to Bananas Smoothies Frozen Yogurt's 2025 Franchise Disclosure Document, in 2023, one outlet was opened in New Jersey. At the start of 2023, there were two outlets, and by the end of the year, there was one. This indicates that while one new location opened, two locations closed, resulting in a net decrease of one outlet in New Jersey during that year.
This information is crucial for potential franchisees as it provides insight into the brand's performance and stability within a specific market. The opening of a new location suggests growth, but the closure of two existing locations raises concerns about the sustainability and profitability of Bananas Smoothies Frozen Yogurt franchises in New Jersey.
A prospective franchisee should investigate the reasons behind the closures to assess the risks and opportunities associated with investing in a Bananas Smoothies Frozen Yogurt franchise in that state. Understanding the factors that led to these closures, such as market saturation, competition, or operational challenges, can help a franchisee make an informed decision and develop strategies to mitigate potential risks.
It's also worth noting that the overall total of company-owned Bananas Smoothies Frozen Yogurt outlets increased by one in 2023, while franchised outlets decreased by two. This could indicate a strategic shift by the company towards more company-owned stores, which might impact the support and resources available to franchisees.