How many franchised Bombs Away outlets were operating at the end of 2022?
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, there were zero franchised outlets operating at the end of 2022. This is based on the systemwide outlet summary provided in Item 20, which tracks the number of franchised and company-owned outlets from 2021 to 2023. The table specifically shows the number of outlets at the start and end of each year, as well as the net change.
For a prospective franchisee, this information indicates that Bombs Away is a relatively new franchise system or has not yet successfully launched any franchised locations as of the end of 2022. All locations operating during this period were company-owned. This could mean there is less operational data available from existing franchisees, and the franchise system's success relies heavily on the performance of company-owned stores.
It is important for potential franchisees to further investigate why there were no franchised locations open during this period. Understanding the reasons behind this, whether due to a recent launch, specific challenges in attracting franchisees, or a strategic focus on company-owned growth, is crucial for assessing the risk and potential of investing in a Bombs Away franchise. This information should be discussed with the franchisor to gain a comprehensive understanding of their growth strategy and expectations for franchised locations.