As of what date are the Bft outlet numbers in Item 20 calculated for each year?

According to Bft's 2025 Franchise Disclosure Document, the outlet numbers presented in Item 20 are calculated as of December 31st for each year. This detail is crucial for prospective franchisees as it provides a specific point in time for evaluating the franchise's growth and stability.

The FDD includes several tables summarizing outlet data from 2022 to 2024. These tables cover various aspects such as system-wide outlet summaries, transfers of outlets, the status of company-owned outlets, and the status of franchised outlets. Each table provides a snapshot of the number of outlets at the start and end of each year, along with changes due to openings, closures, transfers, and other factors.

For a potential Bft franchisee, understanding that these figures are a year-end snapshot is important. It means the data reflects the situation at that specific date and may not capture more recent changes. Therefore, while the FDD provides historical data, franchisees should also seek more current information during their due diligence to assess the present state of the Bft franchise system.