How many Bombs Away franchises were terminated in 2022?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
The following is a list of the franchisees who have had an unit terminated, cancelled, transferred, not renewed or otherwise voluntarily or involuntarily ceased to do business under a franchise agreement during the most recently completed fiscal year or who have not communicated with Franchisor within 10 weeks of the application date:
None.
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 Bombs Away franchises terminated in 2022. The provided tables in Item 20 show zero terminations for the years 2021, 2022, and 2023. Additionally, the list of terminated franchisees states that there are none to list.
This indicates a stable franchise system with no terminations during the reported period. A prospective franchisee may view this as a positive sign, suggesting that franchisees are generally successful and satisfied with their Bombs Away businesses. However, it is important to note that this information only reflects the specific years covered in the FDD.
While the absence of terminations can be reassuring, a potential franchisee should still conduct thorough due diligence. This includes speaking with current and former franchisees (if possible), carefully reviewing the franchise agreement, and seeking professional advice to fully understand the risks and opportunities associated with investing in a Bombs Away franchise. The FDD also notes that current and former franchisees may have signed agreements restricting their ability to speak openly about their experiences, which could limit the information available to prospective franchisees.