How many Boulder Designs franchises in Florida were not renewed in 2023?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
024 | | | Texas | 2022 2023 2024 | | | Total | 2022 2023 2024 | | | State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations- Other Reasons | Outlets at End of the Year | |---|---|---|---|---|---|---|---|---| | Alabama | 2022 | 3 | 1 | 0 | 1 | 0 | 0 | 3 | | | 2023 | 3 | 0 | 0 | 1 | 0 | 0 | 2 | | | 2
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 44–50)
What This Means (2025 FDD)
According to Boulder Designs' 2025 Franchise Disclosure Document, there were four franchises in Florida that were not renewed in 2023. This information is based on the table that details outlet changes over the past three years.
For a prospective franchisee, this indicates the churn rate within the Boulder Designs system in Florida. Non-renewal can occur for a variety of reasons, including the franchisee's decision not to continue, failure to meet performance standards, or other breaches of the franchise agreement. A high number of non-renewals could signal potential issues with franchisee profitability or support within that specific market.
It's important to note that while four franchises were not renewed, one new outlet was opened in Florida during 2023, and the number of terminations and re acquisitions by the franchisor was zero. This resulted in a net decrease of three outlets, bringing the total number of Boulder Designs franchises in Florida from seven to four by the end of 2023. By the end of 2024, the number of franchises in Florida increased to six.
Prospective franchisees should investigate the reasons behind these non-renewals by speaking with current and former franchisees in Florida. Understanding the challenges faced by those who did not renew their agreements can provide valuable insights into the potential risks and rewards of investing in a Boulder Designs franchise in that state.