How many total Bombs Away outlets were operating at the end of 2022?
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 2022, there was a total of one outlet operating. This single outlet was company-owned, with no franchised locations open at that time. This information is based on the Systemwide Outlet Summary provided in the FDD.
The tables in Item 20 of the Bombs Away FDD provide a detailed overview of the franchise's growth and changes in outlet numbers over the past three years. Specifically, the Systemwide Outlet Summary shows the breakdown between franchised and company-owned outlets, while other tables offer insights into outlet transfers, closures, and projected openings. For a prospective franchisee, this data is crucial for understanding the historical performance and current status of the Bombs Away franchise system.
The fact that Bombs Away had only one company-owned outlet in operation at the end of 2022, with no franchised locations, indicates that the franchise system may be relatively new or in an early stage of development. A potential franchisee should further investigate Bombs Away's growth strategy, support systems for new franchisees, and the reasons behind the limited number of operational outlets. Understanding these factors will be essential for making an informed decision about investing in a Bombs Away franchise.