How many Bombs Away franchise agreements were signed in Nevada, but the outlet was not yet opened?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Franchise Agreements Signed but Outlet Not Opened | Column 3 | Projected New Company- Owned Outlets in the Next Fiscal Year |
|---|---|---|---|
| Projected New Franchised Outlets in the Next Fiscal Year | |||
| Nevada | 0 | 1 | 0 |
| Totals | 0 | 3 | 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, there were no franchise agreements signed in Nevada for which the outlet had not yet opened as of December 31, 2023. The FDD indicates that the number of franchise agreements signed but the outlet not yet opened in Nevada was zero. This suggests that either Bombs Away has not recently focused on expanding its franchise network in Nevada, or that any franchise agreements signed have promptly resulted in operational outlets.
This information is crucial for potential franchisees as it provides a snapshot of Bombs Away's recent franchise development activity in specific states. A higher number of signed agreements without opened outlets could indicate potential delays in the opening process, while a zero value, as in the case of Nevada, might suggest a stable but limited presence or recent entry into that market.
Prospective franchisees should further investigate Bombs Away's expansion plans and support systems in Nevada to understand the opportunities and challenges of establishing a franchise in that state. Understanding the reasons behind the lack of pending openings can help in making an informed investment decision.