How many Bananas Smoothies Frozen Yogurt franchises were not renewed in 2023?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
3** Status of Franchised Outlets For Years Ending December 2022, 2023 and 2024
| Location | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non Renewals | Reacquired by Franchisor | Ceased Operations - Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Colorado | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| Florida | 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Louisiana | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| Maryland | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2022 | 1 | 0 | 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, there were a total of 3 non-renewals of franchise agreements in 2023. Specifically, one franchise in New Hampshire and two in New Jersey were not renewed during that year.
Looking at the overall franchise system, at the start of 2023, there were 16 franchised outlets. During 2023, one new franchise was opened, but three franchises were not renewed, resulting in 14 franchised outlets at the end of the year. This represents a net decrease of two franchised locations during that year.
Prospective franchisees should consider the non-renewal rate as part of their due diligence. While three non-renewals may not seem significant, it's important to understand the reasons behind these decisions. Speaking with current and former franchisees, as the FDD suggests, can provide valuable insights into the factors that may contribute to non-renewal, such as profitability, support from the franchisor, or adherence to brand standards.