How many Bombs Away outlets were transferred from franchisees to new owners in 2021?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 20: OUTLETS AND FRANCHISEE INFORMATION]
| State | Column 2 | Number of Transfers |
|---|---|---|
| Year | ||
| N/A | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 0 | |
| Total | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 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 transfers of outlets from franchisees to new owners in 2021. The provided table specifically tracks such transfers for the years 2021, 2022, and 2023.
The table indicates that the 'Number of Transfers' was zero for each of those years. This suggests that during this period, no existing Bombs Away franchise locations were sold by their original franchisees to new, independent owners. All ownership changes, if any, might have involved the franchisor directly.
For a prospective franchisee, this data point can be interpreted in several ways. It could indicate a stable franchise system where franchisees are successful and do not seek to sell their locations. Alternatively, it might suggest that there is a limited market for resales of Bombs Away franchises, potentially due to financial performance or other factors. It would be prudent for a potential franchisee to investigate further into the reasons behind the lack of transfers and to understand the conditions under which a transfer might occur.