How many franchised 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 |
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 were zero franchised Bombs Away outlets. The provided tables in Item 20 detail the status of both franchised and company-owned outlets from 2021 to 2023.
Specifically, the table outlining the 'Status of Franchised Outlets' indicates that the number of franchised outlets at the start of 2021 was zero. Throughout 2021, there were no outlets opened, terminated, non-renewed, or reacquired by the franchisor, and no outlets ceased operations for other reasons, resulting in zero franchised outlets at the end of the year. This suggests that Bombs Away either began franchising in or after 2021, or that any previous franchise agreements had ended before 2021.
For a prospective franchisee, this information highlights that Bombs Away is a relatively new franchise system or has recently restructured its franchising approach. It is important to investigate why there were no operating franchises at the beginning of 2021. Understanding the history and evolution of the Bombs Away franchise network is crucial for assessing the stability and potential growth of the franchise system. A potential franchisee should inquire about the company's plans for franchise expansion and the support provided to new franchisees in establishing their businesses.