What was the net change in the number of company-owned Beard Papas outlets during 2022?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2022 | 32 | 39 | +7 | |
| Franchised | 2023 | 39 | 40 | +1 |
| 2024 | 40 | 42 | +2 | |
| 2022 | 1 | 0 | -1 | |
| Company Owned | 2023 | 0 | 0 | 0 |
| 2024 | 0 | 1 | +1 | |
| 2022 | 33 | 39 | +6 | |
| Totals | 2023 | 39 | 40 | +1 |
| 2024 | 40 | 43 | +3 |
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, the net change in the number of company-owned outlets during 2022 was -1. This means that Beard Papas had one fewer company-owned store at the end of 2022 than it did at the beginning of the year. Specifically, the number of company-owned Beard Papas outlets decreased from 1 at the start of 2022 to 0 by the end of the year.
For a prospective franchisee, this indicates that Beard Papas may be shifting away from operating company-owned stores and focusing more on franchising. This could mean that the franchisor is more invested in supporting franchisees than managing their own outlets. However, it could also mean that the company-owned store model was not profitable.
It is important to note that while there was a net decrease of one company-owned store in 2022, the numbers fluctuate in subsequent years. In 2023, there was no net change, and in 2024, there was a net increase of one company-owned store. This suggests that Beard Papas's strategy regarding company-owned stores may be evolving.