What was the net change in the number of franchised Bombs Away outlets during 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, the net change in the number of franchised outlets during 2022 was 0. The FDD provides a system-wide outlet summary for the years 2021 to 2023. In 2022, the number of franchised Bombs Away outlets remained at 0 from the start to the end of the year, resulting in no net change.
This indicates that during 2022, no new Bombs Away franchises opened, and no existing franchises closed or were terminated. This could be interpreted in several ways. It might suggest a period of stability after initial establishment, or it could reflect challenges in expanding the franchise network.
For a prospective franchisee, this data point underscores the importance of understanding Bombs Away's growth trajectory and market penetration. It would be prudent to inquire about the franchisor's strategies for future franchise development and the specific factors that influenced the lack of change in franchised outlets during 2022. Understanding the reasons behind this static number can provide valuable insights into the potential risks and opportunities associated with investing in a Bombs Away franchise.