How many franchised Bang Cookies outlets were open at the end of 2023?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the End of the Year | Net Change | |
|---|---|---|---|---|
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 53–55)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, there were no franchised outlets open at the end of 2023. The provided table shows the status of franchised outlets for the years 2021 to 2023. For each of those years, the number of outlets at the end of the year is listed as zero. This indicates that Bang Cookies had not yet begun franchising as of the end of 2023.
This information is crucial for potential franchisees as it provides insight into the franchise's growth and maturity. The fact that there were no franchised locations open by the end of 2023 suggests that the franchise system is relatively new.
A prospective Bang Cookies franchisee should further investigate the reasons behind the absence of franchised locations during this period and carefully evaluate the risks and opportunities associated with investing in a new franchise system. It would be prudent to ask Bang Cookies about their plans for franchise expansion and the support they intend to provide to new franchisees.