What was the total number of Bombs Away outlets at the start of 2023?
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 2023, the total number of outlets was 1. This total is comprised of both franchised and company-owned locations.
Specifically, the FDD indicates that there were 0 franchised outlets and 1 company-owned outlet at the beginning of 2023. This means the Bombs Away system was very small at that time, with only a single corporate location operating.
For a prospective franchisee, this data suggests that Bombs Away is a relatively new franchise system. The limited number of existing outlets could mean there is less brand recognition and a smaller pool of existing franchisees to consult for advice. However, it could also represent an opportunity to get in on the ground floor of a growing franchise.