How many Bang Cookies outlets were opened in New Jersey during 2022?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired by Franchisor | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of Year |
|---|---|---|---|---|---|---|---|
| New Jersey | 2021 | 2 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 1 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 2 | 0 | 1 | 0 | 4 | |
| Totals | 2021 | 2 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 1 | 0 | 0 | 0 | 3 |
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, one Bang Cookies outlet was opened in New Jersey during 2022. The number of outlets in New Jersey at the start of 2022 was two, and by the end of the year, it increased to three. This indicates a net increase of one outlet due to new openings.
This information is valuable for potential franchisees as it provides insight into the brand's growth and expansion within a specific state. Observing the number of new outlets opened can help assess the brand's market penetration and acceptance in that region. It also gives an idea of how quickly the franchise is growing.
It's important to note that while one outlet opened in New Jersey during 2022, there were no outlets reacquired by the franchisor, closed, or sold to a franchisee during that same year. This suggests stable operations for existing locations alongside the expansion. Prospective franchisees should further investigate the reasons behind the opening of the new outlet and its performance to better understand the market dynamics in New Jersey.