What was the net change in the number of company-operated Bojangles outlets during 2024?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year1 | Net Changes |
|---|---|---|---|---|
| Franchised | 2022 | 496 | 507 | +11 |
| 2023 | 507 | 528 | +21 | |
| 2024 | 528 | 559 | +31 | |
| Company- | 2022 | 277 | 281 | +4 |
| Operated | ||||
| 2023 | 281 | 285 | +4 | |
| 2024 | 285 | 266 | -19 | |
| Total Outlets | 2022 | 773 | 788 | +15 |
| 2023 | 788 | 813 | +25 | |
| 2024 | 813 | 825 | +12 |
Source: Item 20 — OUTLET AND FRANCHISEE INFORMATION (FDD pages 77–82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, the net change in the number of company-operated outlets during 2024 was a decrease of 19 restaurants. At the start of 2024, Bojangles had 285 company-operated restaurants, which decreased to 266 by the end of the year. This represents a notable reduction in company-operated stores.
For a prospective franchisee, this information indicates a potential shift in Bojangles's business strategy. The decrease in company-operated stores could mean Bojangles is focusing more on franchise expansion rather than direct operation. This could present opportunities for franchisees to expand their portfolios if Bojangles decides to sell existing company-operated locations.
However, it is essential for potential franchisees to investigate the reasons behind this decrease. Understanding whether the closures were due to poor performance, strategic realignment, or other factors is crucial. This information can help franchisees assess the stability and future direction of the Bojangles brand and make informed investment decisions. It would be prudent to ask Bojangles's about their long-term plans for company-operated versus franchised locations.