What was the net change in the number of company-owned Belocal outlets during 2023?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change | |---|---|---|---|---| | Franchised | 2023 | 139 | 154 | +15 | | | 2024 | 154 | 133 | -21 | | | 2025 | 133 | 135 | +2 | | Company-Owned | 2023 | 1 | 3 | +2 | | | 2024 | 3 | 10 | +7 | | | 2025 | 10 | 13 | +3 | | Total Outlets | 2023 | 140 | 157 | +17 | | | 2024 | 157 | 143 | -14 | | | 2025 | 143 | 148 | +5 | Notes: All numbers are as of our fiscal year end, which is June 30.
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Table No.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 59–70)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, there are two different tables showing the systemwide outlet summary. One table shows that the net change in the number of company-owned Belocal outlets during 2023 was an increase of 2. The number of company-owned outlets at the start of 2023 was 1, and the number at the end of 2023 was 3.
However, another table shows that the net change in the number of company-owned Belocal outlets during 2023 was 0. The number of company-owned outlets at the start of 2023 was 0, and the number at the end of 2023 was 0.
Because there are conflicting data points, a prospective franchisee should seek clarification from Belocal regarding the correct number of company-owned outlets and their net change during 2023.