How many Bombs Away outlets ceased operations for other reasons in 2022?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Column 3 | Outlets Opened | Termi- Nations | Non- Renewals | Reacquired by Franchisor | Column 8 | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Outlets at | Ceased | |||||||
| the Start | Operations | |||||||
| of the | – Other | |||||||
| Year | Reasons | |||||||
| N/A | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Totals | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | 0 | 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, there were no Bombs Away outlets that ceased operations for other reasons during the year 2022. The provided table outlines the status of outlets, including those that ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor.
Specifically, the table includes a column for 'Ceased Operations – Other Reasons,' which indicates the number of outlets that closed for reasons outside of the typical end-of-agreement scenarios. For the year 2022, the value in this column is 0, meaning no Bombs Away locations closed for 'other reasons' during that period.
This information is valuable for potential franchisees as it can provide insights into the stability and performance of the Bombs Away franchise system. A history of few or no closures for 'other reasons' may suggest a healthy franchise system with strong support and operational practices. However, it is important to consider this data in conjunction with other factors, such as terminations and non-renewals, to get a comprehensive understanding of outlet turnover.