What was the net change in the number of company-owned Black Bear Diner outlets during 2024?
Black_Bear_Diner 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 | 84 | 88 | +4 |
| 2023 | 88 | 91 | +3 | |
| 2024 | 91 | 92 | +1 | |
| 2022 | 60 | 65 | +5 | |
| Company | 2023 | 65 | 65 | 0 |
| Owned | 2024 | 65 | 70 | +5 |
| 2022 | 144 | 153 | +9 | |
| Total Outlets | 2023 | 153 | 156 | +3 |
| 2024 | 156 | 162 | +6 |
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, the net change in the number of company-owned outlets during 2024 was an increase of 5. Specifically, the number of company-owned Black Bear Diner locations increased from 65 at the start of 2024 to 70 by the end of the year. This indicates a positive growth trend for company-owned operations.
For a prospective franchisee, this information provides insight into the performance and expansion strategy of Black Bear Diner. The growth in company-owned stores suggests that the franchisor is actively investing in and expanding its own operations, which can be a positive sign for the overall health and potential of the franchise system. It demonstrates the franchisor's confidence in the brand and its business model.
It's important to note that while the number of company-owned locations increased, the success and profitability of individual locations can vary. A potential franchisee should further investigate the performance metrics of both franchised and company-owned locations to gain a comprehensive understanding of the franchise's financial viability. Understanding the reasons behind the net change, such as new openings versus closures, can also provide valuable context.
Furthermore, the FDD also includes data on franchised outlets, showing a net increase of 1 franchised location in 2024, from 91 to 92. Analyzing the growth trends of both company-owned and franchised locations can help prospective franchisees assess the overall expansion strategy and potential market saturation in different regions.