How many Bombs Away outlets were operating at the end of 2023?
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, at the end of 2023, there was a total of one outlet operating. This single outlet was company-owned, as there were zero franchised outlets operating during that year. This information is derived from the 'Systemwide Outlet Summary' table provided in Item 20 of the FDD. The table provides a breakdown of both franchised and company-owned outlets from 2021 to 2023.
Specifically, the 'Franchised' row indicates that there were zero franchised outlets at the start of 2023 and zero at the end of 2023. The 'Company-Owned' row shows one company-owned outlet at the start of 2023 and one at the end of 2023. The 'Total Outlets' row confirms that the total number of Bombs Away outlets at the end of 2023 was one.
For a prospective franchisee, this data indicates that Bombs Away is a very young franchise system as of 2023, with minimal operational history. The entire system consisted of a single company-owned outlet. This could represent both an opportunity and a risk. The opportunity lies in being among the first franchisees to join the system, potentially securing favorable terms and territories. The risk is that the franchise model is relatively unproven, with limited data available on the performance and viability of franchised locations.