What was the net change in the number of franchised Beef O Bradys outlets in 2023?
Beef_O_Bradys Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Net Change | |||
|---|---|---|---|---|
| Franchised | 2022 | 111 | 108 | -3 |
| 2023 | 108 | 102 | -6 | |
| 2024 | 102 | 99 | -3 | |
| Company- | ||||
| Owned | 2022 | 28 | 30 | +2 |
| 2023 | 30 | 32 | +2 | |
| 2024 | 32 | 26 | -6 | |
| Total Outlets | 2022 | 139 | 138 | -1 |
| 2023 | 138 | 134 | -4 | |
| 2024 | 134 | 125 | -9 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION. (FDD pages 62–65)
What This Means (2025 FDD)
According to Beef O Bradys's 2025 Franchise Disclosure Document, the net change in the number of franchised outlets in 2023 was -6. This means that Beef O Bradys had 6 fewer franchised locations at the end of 2023 than it did at the beginning of the year. At the start of 2023 there were 108 franchised outlets, and by the end of the year, the number decreased to 102.
This decrease could be due to several factors, such as closures, terminations, or non-renewals of franchise agreements. For a prospective franchisee, this information indicates a potential risk in investing in a Beef O Bradys franchise. It would be prudent to investigate the reasons behind the net decrease in franchised outlets to better understand the stability and performance of the franchise system.
It's important to note that while the total number of franchised outlets decreased, this doesn't necessarily reflect the performance of individual locations. A decrease in the number of franchised locations could be due to strategic decisions by Beef O Bradys, such as consolidating locations or terminating underperforming franchises. However, it is a point to consider when evaluating the overall health and growth potential of the Beef O Bradys franchise system.