In what state were Bombs Away franchise outlets transferred to new owners between 2021 and 2023?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 20: OUTLETS AND FRANCHISEE INFORMATION]
Table 2 Transfers of Outlets from Franchisees to New Owners (other than the Franchisor) For Years 2021 to 2023
[Item 20: OUTLETS AND FRANCHISEE INFORMATION]
| State | Column 2 | Number of Transfers |
|---|---|---|
| Year | ||
| N/A | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 0 | |
| Total | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 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, Table 2, titled "Transfers of Outlets from Franchisees to New Owners (other than the Franchisor) For Years 2021 to 2023," shows that there were no transfers of Bombs Away franchise outlets to new owners in any state between 2021 and 2023. The table indicates "N/A" for the state and "0" for the number of transfers for each year during this period.
This information is crucial for potential franchisees as it provides insight into the resale activity within the Bombs Away franchise system. A lack of transfers could suggest various factors, such as franchisee satisfaction, strong performance of existing outlets, or limited demand for resales.
However, it is important to note that this table specifically refers to transfers from franchisees to new owners, excluding transfers back to the franchisor. A prospective franchisee should inquire about the reasons for the absence of transfers and whether there are any internal policies or factors that influence the resale of franchises within the Bombs Away system. Further investigation into franchisee satisfaction and outlet performance would also be beneficial.