What was the net change in the number of company-owned Bombs Away outlets during 2022?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
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Table 1 Systemwide Outlet Summary For Years 2021 to 2023
| 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 |
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 2022 was 0. The number of company-owned Bombs Away outlets remained constant throughout 2022. There was 1 company-owned outlet at the start of the year and 1 at the end of the year.
This indicates stability in the company-owned operations of Bombs Away during that period. For a prospective franchisee, this could suggest a consistent approach to managing company-owned stores. It's important to note that this data reflects only a single year and may not be indicative of long-term trends.
While a net change of zero might seem uneventful, it's crucial to consider this figure in conjunction with other data points in the FDD, such as revenue, expenses, and overall system growth. A deeper understanding of Bombs Away's company-owned store performance would provide a more comprehensive picture for potential franchisees.