How many Bang Cookies outlets were operating in New Jersey at the start of 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, there were 2 Bang Cookies outlets operating in New Jersey at the start of 2022. The table provided in Item 20 outlines the number of outlets at the start of the year, outlets opened, reacquired outlets, closed outlets, outlets sold to franchisees, and outlets at the end of the year for 2021, 2022, and 2023.
Specifically, for New Jersey in 2022, the table indicates that there were 2 outlets at the beginning of the year. During 2022, 1 new Bang Cookies outlet opened in New Jersey, and no outlets were reacquired by the franchisor, closed, or sold to a franchisee. This resulted in a total of 3 Bang Cookies outlets in New Jersey at the end of 2022.
This information is valuable for potential franchisees as it provides insight into the growth and changes in the number of Bang Cookies outlets in a specific state over the past few years. Reviewing this data can help franchisees understand the brand's expansion and stability in different markets.