What was the net change in the number of company-owned Bang Cookies outlets during 2022?
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, the net change in the number of company-owned outlets during 2022 was an increase of one location. At the start of 2022, there were two company-owned Bang Cookies outlets. By the end of 2022, this number had increased to three, representing a net change of +1.
This information is crucial for potential franchisees as it provides insight into the growth and expansion strategy of Bang Cookies. The increase in company-owned stores may indicate a healthy and expanding business model. It is common for franchisors to operate company-owned stores to test new products, refine operational procedures, and maintain brand standards.
Furthermore, the FDD also provides a breakdown of the changes in company-owned stores by state. In New Jersey, the number of company-owned Bang Cookies outlets increased from two at the start of 2022 to three by the end of the year, which aligns with the overall net change reported. This level of detail can help prospective franchisees understand where the brand is focusing its growth efforts and how the company-owned stores are performing in specific markets.