How many Beard Papas outlets ceased operations for other reasons in Illinois during 2022?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations for Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| 2022 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Illinois | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| - | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 52–57)
What This Means (2025 FDD)
According to Beard Papas's 2025 Franchise Disclosure Document, in 2022, one Beard Papas outlet in Illinois ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor. At the start of 2022, there were two outlets, and after one ceased operations, one remained at the end of the year.
This data point is important for prospective franchisees in Illinois as it provides insight into the stability and potential challenges of operating a Beard Papas franchise in that specific market. Understanding why an outlet might cease operations for 'other reasons' can help franchisees better prepare for unforeseen circumstances and manage their business effectively.
It's worth noting that 'ceased operations for other reasons' is a broad category. A prospective franchisee should seek clarification from Beard Papas about the specific reasons that fall into this category to gain a clearer understanding of the risks involved. This information, combined with other due diligence, can help in making an informed decision about investing in a Beard Papas franchise.