How many Bombs Away outlets were closed in California during 2021?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Column 3 | Outlets Opened | Column 5 | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Outlets at | Outlets | ||||||
| the Start | Reacquired | ||||||
| of the | From | ||||||
| Year | Franchisee | ||||||
| California | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Totals | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 |
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 closed in California during 2021. The provided table regarding the status of franchised outlets indicates that in California, starting with 1 outlet at the beginning of 2021, there were 0 outlets opened, 0 outlets reacquired from franchisees, and 0 outlets closed, resulting in 1 outlet at the end of the year.
This data point is crucial for potential franchisees as it provides insight into the stability and performance of Bombs Away franchises in California. A history of outlet closures could indicate underlying issues with the franchise model, market saturation, or other factors that could negatively impact a franchisee's investment. The absence of closures in 2021 suggests a degree of stability, at least during that specific year.
It is important to note that this information only reflects the number of closures during a single year. A comprehensive evaluation of the franchise's performance would require analyzing closure rates over a longer period, as well as considering other factors such as revenue growth, customer satisfaction, and overall market trends. Reviewing the data for 2022 and 2023, which also show no closures, would provide a more complete picture of franchise stability in California.