In 2023, how many Black Bear Diner outlets were sold to a franchisee?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
| 0 | 0 | 0 | 2 | 92 | Table #4 Status of Company Owned Outlets1 For Years 2022 to 2024
| STATE | YEAR | OUTLETS AT START OF THE YEAR | OUTLETS OPENED | OUTLETS REACQUIRED FROM FRANCHISEE | OUTLETS CLOSED | OUTLETS SOLD TO FRANCHISEE | OUTLETS AT END OF THE YEAR |
|---|---|---|---|---|---|---|---|
| Arizona | 2022 | 12 | 0 | 0 | 0 | 0 | 12 |
| 2023 | 12 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 52–55)
What This Means (2025 FDD)
According to Black Bear Diner's 2025 Franchise Disclosure Document, in 2023, one outlet was sold to a franchisee. Specifically, this occurred in California. This means that a pre-existing Black Bear Diner location, which was previously company-owned, was sold to a new franchisee to operate.
For a prospective franchisee, this indicates that there may be opportunities to purchase existing Black Bear Diner locations rather than building a new one from the ground up. Purchasing an existing location can sometimes be advantageous as it already has an established customer base and operating history.
However, it is important to investigate the reasons behind the sale of the outlet. A prospective franchisee should carefully evaluate the performance of the location, any potential issues, and the terms of the sale before making a decision. This information is valuable for understanding the dynamics of the Black Bear Diner franchise system and potential investment opportunities.