How many franchised Bang Cookies outlets were operating 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 | |
| Company | 2021 | 2 | 2 | 0 |
| Owned | ||||
| 2022 | 2 | 3 | +1 | |
| 2023 | 3 | 4 | +1 | |
| Total Outlets | 2021 | 2 | 2 | 0 |
| 2022 | 2 | 3 | +1 | |
| 2023 | 2 | 5 | +2 |
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 operating at the end of 2023. The provided table outlines the status of franchised outlets from 2021 to 2023, showing that the number of franchised locations remained at zero throughout this period. This suggests that Bang Cookies was primarily focused on company-owned operations during these years.
For a potential franchisee, this information is crucial as it indicates the brand's experience, or lack thereof, with managing and supporting franchised locations. A franchise system with established franchised outlets often has refined operational processes, training programs, and support systems tailored to the needs of franchisees. The absence of franchised locations might mean that these systems are still under development or not yet fully tested.
It would be prudent for a prospective Bang Cookies franchisee to inquire about the company's plans for franchise development, the support and training infrastructure in place for franchisees, and the reasons behind the current lack of franchised locations. Understanding the franchisor's strategy and commitment to franchising is essential before making an investment decision. Additionally, reviewing Item 19 in the FDD could provide insights into the financial performance of company-owned stores, which may be relevant in the absence of franchisee performance data.