What was the total number of Bombs Away outlets sold to franchisees in California during 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 were no Bombs Away outlets sold to franchisees in California during 2023. The provided table outlines the outlet information for California from 2021 to 2023. It details the number of outlets at the start of each year, outlets opened, outlets reacquired from franchisees, outlets sold to franchisees, and outlets at the end of the year.
Specifically, for the year 2023 in California, the table indicates that there was one outlet at the start of the year, no outlets were opened, none were reacquired from franchisees, and crucially, zero outlets were sold to franchisees. Consequently, the number of outlets at the end of 2023 remained at one.
This data point is significant for potential Bombs Away franchisees in California as it provides insight into the transfer of ownership within the franchise system. The absence of outlet sales to franchisees in 2023 may suggest stability in ownership or a lack of franchisee turnover during that period. However, prospective franchisees should investigate further to understand the reasons behind this trend and whether it reflects the overall health and attractiveness of the Bombs Away franchise in California.