What was the total number of Bombs Away franchise transfers in 2021?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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, there were zero franchise transfers in 2021. The table provided in Item 20 of the FDD details the number of franchise transfers for the years 2021, 2022, and 2023. For 2021, the number of transfers is listed as 0.
This indicates that no existing Bombs Away franchises were sold or transferred to new owners during that year. This could be interpreted positively, suggesting stability within the franchise system, or it could raise questions about franchisee satisfaction and the desirability of existing locations.
A prospective franchisee should investigate further to understand the reasons behind the lack of transfers. It would be prudent to ask Bombs Away about franchisee turnover rates, the average tenure of franchisees, and the process for transferring a franchise to a new owner. Understanding these factors can provide a more comprehensive picture of the health and stability of the Bombs Away franchise system.