What was the total number of Bang Cookies outlets at the end of 2021?
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, at the end of 2021, the total number of outlets was 2. Specifically, there were zero franchised outlets and two company-owned outlets. This indicates that Bang Cookies operated solely through company-owned stores at that time.
For a prospective franchisee, this information highlights the brand's initial reliance on corporate stores. It suggests that the franchise system was either just starting or had not yet begun franchising in 2021. This could mean that the business model was still being refined or that the company was carefully managing its initial growth.
It's important for potential franchisees to understand the history and development of a franchise system. The transition from company-owned to franchised locations can impact various aspects of the business, including brand consistency, operational support, and marketing strategies. Therefore, understanding the timeline of this transition is crucial for making an informed investment decision.