What was the total number of company-owned Beef O Bradys outlets at the end of 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- | 2022 | 28 | 30 | +2 |
| Owned | ||||
| 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, at the end of 2023, there were 32 company-owned outlets. This number reflects a net increase of 2 company-owned locations during 2023. At the start of 2023, there were 30 company-owned Beef O Bradys restaurants.
It is important to note that Beef O Bradys reports outlets as "Company-Owned Outlets" when they own at least 51% ownership interest in the entity operating the outlet. This definition clarifies the criteria used to classify an outlet as company-owned, which is a common practice in franchising to distinguish between franchised and corporate locations.
Monitoring the number of company-owned stores can provide insight into the strategic direction of Beef O Bradys. An increase in company-owned stores may indicate a focus on corporate expansion or a strategy to maintain greater control over brand standards and operations. Conversely, a decrease may signal a move towards a more franchise-dependent model.