How many company-operated Beard Papas locations were open as of December 31, 2022?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
| Company- | Franchised | Franchised | |
|---|---|---|---|
| operated | locations | locations | |
| locations | (domestic) | (international) | |
| As of December 31, 2021 | 1 | 35 | 2 |
| Opened | = | 5 | |
| Closed | (1) | (1) | (2) |
| Transferred | |||
| As of December 31, 2022 | - | 39 | - |
| Opened | 5 | 7 | - |
| Closed | - | (6) | - |
| Transferred | |||
| As of December 31, 2023 | _ | 40 | - |
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
According to Beard Papas's 2025 Franchise Disclosure Document, as of December 31, 2022, there were no company-operated Beard Papas locations. The provided table summarizes changes in the number of company-operated and franchised Beard Papa's locations.
This information is relevant for prospective franchisees as it provides insight into the operational structure of Beard Papas. The fact that there were no company-operated locations at the end of 2022 indicates that Beard Papas may focus primarily on franchising rather than direct operation of stores.
However, the table also shows that as of December 31, 2021, there was one company-operated location, which closed in 2022. This could suggest a shift in strategy or challenges in managing company-operated stores. The table further indicates that by December 31, 2023, Beard Papas opened 5 company-operated locations, indicating a possible change in direction for the company.