How many total 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 Bombs Away outlet operating. This single outlet was company-owned, with no franchised locations open during that year. This information is derived from the 'Systemwide Outlet Summary' table, which provides a breakdown of both franchised and company-owned outlets over the past three years.
The table indicates that while there were no franchised Bombs Away outlets operating in 2021, 2022, or 2023, there was one company-owned outlet that remained open throughout this period. The 'Net Change' column further confirms that there were no openings or closures of either franchised or company-owned outlets during these years. This suggests a very limited operational history for Bombs Away as of the end of 2023, with the brand primarily relying on a single company-owned location.
For a prospective franchisee, this data highlights the early stage of Bombs Away's franchise development. The absence of existing franchised locations means that new franchisees would not have the opportunity to learn from or network with other franchisees in the system. It also indicates that the franchisor's experience in supporting and managing franchisees may be limited, as they have yet to establish a network of franchised businesses. Therefore, potential franchisees should conduct thorough due diligence to assess the franchisor's capabilities and the viability of the Bombs Away franchise model.