How many Bombs Away outlets were reacquired by the franchisor in 2021?
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, no outlets were reacquired by the franchisor in 2021. Specifically, for the year 2021, the table indicates that under the column "Reacquired by Franchisor" the value is 0. This means that Bombs Away did not reacquire any of its franchised locations during that year.
This information is crucial for potential franchisees as it provides insight into the stability and relationship between the franchisor and its franchisees. A high number of reacquired franchises could indicate potential issues with franchisee success or disputes leading to the franchisor taking back control of the outlets. The absence of reacquired franchises in 2021 suggests a stable franchise system during that period.
It is important to note that this data only reflects the situation for the specific year of 2021. Prospective franchisees should review similar data for other years (2022 and 2023 are provided) to identify any trends or changes in the rate of franchise re acquisitions. Additionally, it would be prudent to inquire with Bombs Away about the reasons for any franchise re acquisitions in general, to fully understand the context behind these figures.