What was the total number of Bombs Away outlets at the start of 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, at the start of 2022, there was a total of 1 outlet. This total consisted of 1 company-owned outlet and 0 franchised outlets.
Specifically, the FDD provides a systemwide outlet summary that breaks down the number of franchised and company-owned outlets at the beginning and end of each year. For 2022, the data shows 0 franchised outlets at the start of the year and 1 company-owned outlet at the start of the year.
This information is valuable for potential franchisees as it provides a clear picture of the brand's growth and composition. The fact that Bombs Away had only one company-owned location and no franchised locations at the beginning of 2022 indicates that the franchise system was very new at that time. This could mean that the systems and processes were still being developed and refined.