What was the net change in the number of franchised Big Apple Bagels outlets during 2023?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 52 | 50 | -2 |
| 2023 | 50 | 49 | -1 | |
| 2024 | 49 | 49 | 0 | |
| Company- | 2022 | 0 | 0 | 0 |
| Owned | ||||
| 2023 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | |
| Total Outlets | 2022 | 52 | 50 | -2 |
| 2023 | 50 | 49 | -1 | |
| 2024 | 49 | 49 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 81–86)
What This Means (2025 FDD)
According to Big Apple Bagels's 2025 Franchise Disclosure Document, the net change in the number of franchised outlets during 2023 was -1. This means that the total number of franchised Big Apple Bagels locations decreased by one during that year. At the start of 2023, there were 50 franchised outlets, and by the end of the year, the number had dropped to 49.
For a prospective franchisee, this information indicates a slight contraction in the franchise system during 2023. While a single year's change doesn't necessarily indicate a long-term trend, it would be prudent to investigate the reasons behind the net decrease. Potential causes could include closures of underperforming locations, franchisees not renewing their agreements, or other factors affecting the profitability or viability of individual franchises. Understanding the reasons for this change can help a prospective franchisee assess the overall health and stability of the Big Apple Bagels franchise system.
It's also worth noting that the FDD provides data for 2022 and 2024, showing a net decrease of 2 franchised locations in 2022 and no change in 2024. Reviewing these trends over multiple years can provide a more comprehensive understanding of the franchise's growth and stability. A prospective franchisee should discuss these figures with the franchisor to gain further insight into the dynamics of the Big Apple Bagels franchise network.
Ultimately, while a net decrease of one location in 2023 may not be alarming on its own, it warrants further investigation to ensure that the Big Apple Bagels franchise represents a sound investment opportunity.