How many company-owned Bombs Away outlets were operating at the end of 2023?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Column 3 | Column 4 | Net Change |
|---|---|---|---|---|
| Outlets at the Start of the Year | Outlets at the End of the Year | |||
| Franchised | 2021 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Company-Owned | 2021 | 1 | 1 | 0 |
| 2022 | 1 | 1 | 0 | |
| 2023 | 1 | 1 | 0 | |
| Total Outlets | 2021 | 1 | 1 | 0 |
| 2022 | 1 | 1 | 0 | |
| 2023 | 1 | 1 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 33–35)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, at the end of 2023, Bombs Away had one company-owned outlet. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023. This table shows that the number of company-owned Bombs Away outlets remained constant during this period.
Specifically, the table indicates that Bombs Away started 2023 with one company-owned outlet and ended the year with one company-owned outlet. There was no net change in the number of company-owned outlets during 2023. This suggests a stable company-owned presence for Bombs Away over the three-year period.
For a prospective franchisee, this information indicates that Bombs Away primarily focuses on franchising as its method of expansion, with limited investment in company-owned operations. This may reflect Bombs Away's strategic decision to rely on franchisees for growth, potentially reducing the capital investment and operational responsibilities of the franchisor. A potential franchisee may want to inquire about the support and resources Bombs Away provides to its franchisees, given the limited number of company-owned stores.