What was the net change in the number of company-owned Belocal outlets during 2024?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
5
| 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,
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. Based on the first table, the net change in the number of company-owned Belocal outlets during 2024 was an increase of 7. The number of company-owned outlets at the start of 2024 was 3, and by the end of the year, it had increased to 10.
However, the second table shows that there was no net change in the number of company-owned Belocal outlets during 2024. The number of company-owned outlets at the start and end of 2024 was 0.
Due to the discrepancy between the two tables, a prospective franchisee should seek clarification from Belocal regarding the correct number of company-owned outlets and the net change during 2024. Understanding the actual growth and management of company-owned stores can provide valuable insights into Belocal's business model and overall strategy.