What was the net change in the number of franchised Bananas Smoothies Frozen Yogurt outlets during 2023?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at Start of Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2022 | 14 | 16 | +2 | |
| Franchised | 2023 | 16 | 14 | -2 |
| 2024 | 14 | 14 | 0 |
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, the net change in the number of franchised outlets during 2023 was -2. This means that the total number of franchised Bananas Smoothies Frozen Yogurt locations decreased by two during that year. At the start of 2023, there were 16 franchised outlets, but by the end of the year, the number had dropped to 14.
This decrease in franchised outlets could be due to several factors, such as closures, terminations, or non-renewals of franchise agreements. It is important to note that while the number of franchised locations decreased, the number of company-owned outlets increased by one during the same period. The total number of Bananas Smoothies Frozen Yogurt outlets decreased by one in 2023.
A prospective franchisee should investigate the reasons behind the net decrease in franchised locations. Understanding why these locations closed or were terminated can provide valuable insight into the health and stability of the Bananas Smoothies Frozen Yogurt franchise system. It would be prudent to ask the franchisor for more details on the specific reasons for the outlet decrease.