What was the net change in the number of company-owned Bombs Away outlets during 2021?
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, the net change in the number of company-owned outlets during 2021 was 0. The number of company-owned Bombs Away outlets at the start of 2021 was 1, and the number at the end of 2021 remained at 1, resulting in no net change. This indicates that Bombs Away did not open or close any company-owned stores during that year.
For a prospective franchisee, this information provides insight into the stability of Bombs Away's company-owned operations. A consistent number of company-owned stores might suggest a stable business model or a strategic decision to maintain a certain level of corporate presence. It is important to note that this data only reflects a single year and should be considered alongside other years to identify any trends.
It is also worth noting that the number of franchised Bombs Away outlets remained at 0 during 2021. The total number of Bombs Away outlets, including both franchised and company-owned, also remained constant at 1. This suggests that the Bombs Away franchise system may be in its early stages of development, with limited expansion in the observed period. A potential franchisee should investigate Bombs Away's growth plans and strategies for expanding both company-owned and franchised locations.