How many company-owned Bombs Away outlets were operating at the start of 2021?
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 start of 2021, there was one company-owned Bombs Away outlet. The FDD provides a table outlining the status of company-owned outlets from 2021 to 2023. This table includes the number of outlets at the start of each year, the number at the end of each year, and the net change in outlets.
For a prospective franchisee, this indicates that Bombs Away has limited experience operating its own outlets, as it only had one company-owned location during the period covered by the table. This could mean that the franchisor's expertise is more heavily weighted toward franchising rather than direct operation.
It's important to note that the number of company-owned stores remained constant at one throughout 2021, 2022, and 2023. This suggests a deliberate strategy by Bombs Away, which could be to focus on franchising as the primary mode of expansion, or it could reflect challenges in growing their company-owned operations.