What was the net change in the number of franchised Bevaris Alliance facilities during 2023?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Facilities at the Start of the year | Facilities at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 4 | 4 | |
| 2023 | 4 | 4 | 0 | |
| Company-Owned2 | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 1 | 1 | |
| 2023 | 1 | 1 | 0 | |
| Total Outlets | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 5 | 5 | |
| 2023 | 5 | 5 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 19–21)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the net change in the number of franchised facilities during 2023 was 0. The number of franchised facilities at the start of 2023 was 4, and the number at the end of the year was also 4. This indicates that while there were existing franchises, no new franchises opened, and no franchises closed during the year.
For a prospective franchisee, this data point is crucial for understanding the recent growth and stability of the Bevaris Alliance franchise system. A net change of zero could suggest a period of consolidation or saturation in existing markets. It is important to note that this data reflects system-wide changes and may not reflect the performance or potential of individual franchise locations.
It would be prudent for potential franchisees to investigate further into the reasons behind the lack of net growth in 2023. Understanding whether this was due to a deliberate strategy, market conditions, or other factors will be essential for making an informed investment decision. Further research into the performance of existing franchises and the franchisor's plans for future expansion would also be beneficial.