In what state did the franchisor reacquire one Beef O Bradys location in 2023?
Beef_O_Bradys Franchise · 2025 FDDAnswer from 2025 FDD Document
| | | | |---|---|---| | | | | | Florida | 2022 | 3 | | | 2023 | 6 | | | 2024 | 5 | | Minnesota | 2022 | 1 | | | 2023 | 0 | | | 2024 | 0 | | Ohio | 2022 | 1 | | | 2023 | 0 | | | 2024 | 0 | | Texas | 2022 | 0 | | | 2023 | 1 | | | 2024 | 0 | | Total | 2022 | 5 | | | 2023 | 7 | | | 2024 | 5 |
Table No. 3 Status of Franchised Outlets For years December 31, 2022 to December 31, 2024
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | R
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, in 2023, the franchisor reacquired one location in North Carolina. The table provided in Item 20 outlines outlet information, including reacquired locations, across various states and years. This specific reacquisition contributed to North Carolina having zero outlets at the end of 2024.
For a potential franchisee, this information highlights the dynamics of franchise ownership changes within the Beef O Bradys system. Reacquisitions can occur for various reasons, such as franchisee default, strategic realignment, or failure to meet brand standards. Understanding the frequency and locations of these reacquisitions can provide insights into the health and stability of the franchise network.
It's important to note that while the table indicates one reacquisition in North Carolina during 2023, it does not specify the reasons behind it. A prospective franchisee should inquire with Beef O Bradys about the circumstances surrounding past reacquisitions to better assess the risks and opportunities associated with investing in a franchise in a particular state. This due diligence can help in making a more informed decision about joining the Beef O Bradys franchise system.