factual

What was the net change in the number of total Big Apple Bagels outlets in 2023?

Big_Apple_Bagels Franchise · 2025 FDD

Answer 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' 2025 Franchise Disclosure Document, the total number of Big Apple Bagels outlets experienced a net decrease of 1 in 2023. Specifically, the total number of outlets started at 50 at the beginning of 2023 and ended the year at 49. This indicates that the Big Apple Bagels system contracted slightly during that year. All of these locations were franchised, as the company did not operate any company-owned stores during this period.

For a prospective franchisee, this information highlights the importance of understanding the factors that contribute to outlet closures or lack of growth within the Big Apple Bagels system. While a single-unit decrease may not seem significant, it prompts further investigation into the reasons behind the contraction. It is important to note that the data reflects the status as of November 30, 2024, which is the franchisor's fiscal year end.

It would be prudent for potential franchisees to inquire about the specific reasons for the net change in 2023. Understanding whether the decrease was due to closures, non-renewals, or other factors can provide valuable insights into the health and stability of the Big Apple Bagels franchise system. Furthermore, reviewing the performance of existing locations and the support provided by the franchisor can help assess the potential for future growth and success as a Big Apple Bagels franchisee.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.