How many Black Bear Diner outlets closed in Oklahoma during 2023?
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 |
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, one outlet in Oklahoma closed during 2023. At the start of 2023, there were five Black Bear Diner outlets in Oklahoma. After one closure, the year ended with four outlets in the state.
This closure rate could be a concern for potential franchisees, especially if they are considering opening a Black Bear Diner in Oklahoma. It is important to investigate the reasons behind the closure to understand any potential risks associated with operating a franchise in that state. Factors such as local market conditions, competition, or specific challenges faced by the franchisee could have contributed to the closure.
It would be prudent for prospective franchisees to speak with the franchisor and current franchisees in Oklahoma to gather more insights into the performance and challenges of operating a Black Bear Diner in that market. Understanding the reasons for the closure and the strategies in place to prevent future closures is essential for making an informed investment decision.