What was the total number of Bombs Away outlets in California at the end of 2023?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Column 3 | Outlets Opened | Column 5 | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| Outlets at | Outlets | ||||||
| the Start | Reacquired | ||||||
| of the | From | ||||||
| Year | Franchisee | ||||||
| California | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Totals | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 |
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 was a total of 1 outlet in California at the end of 2023. The FDD provides a table outlining the number of outlets in California from 2021 to 2023. In each of those years, the number of outlets remained constant at 1. This outlet was company-owned, as there were zero franchised outlets in California during this period.
This information is crucial for potential franchisees as it provides insight into Bombs Away's existing presence and growth patterns within California. The fact that the number of outlets has remained unchanged for several years might suggest a stable but not rapidly expanding market presence in the state. A prospective franchisee may want to investigate the reasons behind this lack of growth to assess the opportunities and challenges of operating a Bombs Away franchise in California.
It is important to note that while the FDD provides historical data, it also includes projections for future outlet openings. As of December 31, 2023, Bombs Away projected opening one new franchised outlet in California in the next fiscal year. This indicates a potential shift in the company's strategy towards expanding its franchise network in California, which could present a valuable opportunity for new franchisees. However, these are just projections and are not guaranteed.
Prospective franchisees should further investigate Bombs Away's plans for California, including the specific locations targeted for expansion, the level of support provided to franchisees in the state, and the overall market conditions. Understanding these factors will help them make an informed decision about investing in a Bombs Away franchise in California.