What was the net change in the number of total Belocal outlets during 2023?
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, 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 tables that show different values for the net change in the number of total Belocal outlets during 2023. One table indicates a net increase of 17 outlets, while the other indicates a net decrease of 5 outlets. This discrepancy could be due to different reporting methods or the inclusion/exclusion of certain types of outlets in each table.
Specifically, one table shows that for the year 2023, the number of franchised outlets increased by 15, company-owned outlets increased by 2, and total outlets increased by 17. The other table shows that for the year 2023, the number of franchised outlets decreased by 5, company-owned outlets remained at 0, and total outlets decreased by 5.
Given these conflicting figures, a prospective franchisee should seek clarification from Belocal regarding the total number of outlets and how these figures are calculated. Understanding the composition of company-owned versus franchised locations and the reasons for any closures or changes is crucial for evaluating the stability and growth potential of the franchise system.