Did any Bananas Smoothies Frozen Yogurt outlets close in North Carolina during 2024?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
** Status of Company-Owned Outlets For Years Ending December 2022, 2023 and 2024
| 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 | |
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 no outlet closures in North Carolina during 2024. The FDD provides a table outlining outlet information by state and year. For North Carolina, the table shows that there was 1 outlet at the start of 2024 and 1 outlet at the end of 2024. The columns for 'Outlets Reacquired From Franchisee' and 'Outlets Closed' both show '0' for North Carolina in 2024, indicating no closures or re acquisitions occurred during that year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Bananas Smoothies Frozen Yogurt franchises in specific locations. Knowing that no outlets closed in North Carolina during 2024 may suggest a stable market presence and potentially lower risk for new franchisees in that state. However, it is important to consider that this data only reflects a single year and does not guarantee future performance.
Prospective franchisees should also consider other factors beyond outlet closures, such as sales performance, local market conditions, and competition, to gain a comprehensive understanding of the franchise opportunity in North Carolina. While the absence of closures is a positive sign, further due diligence is necessary to assess the overall viability of a Bananas Smoothies Frozen Yogurt franchise in that region.