How many Bumper Man outlets were terminated in total across all states in 2023?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
| Total | 2022 | 0 | | | 2023 | 1 | | | 2024 | 0 | | State | Year | Outlets at Start of Year | Outlets Opened | Termina tions | Non Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons | Outlets at End of the Year | |---------------|------|--------------------------------|-------------------|------------------|-----------------|--------------------------------|------------------------------------------|-------------------------------------| | | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Iowa | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2022 | 2
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 38–44)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, there were a total of 3 terminations of franchise agreements across all states during 2023. This information is based on the table that summarizes outlet information for the years 2022, 2023, and 2024. The table provides a breakdown of outlet activity, including openings, terminations, non-renewals, re acquisitions by the franchisor, and other reasons for ceased operations.
Specifically, the 'Terminations' column indicates the number of franchise agreements that were terminated by either the franchisee or Bumper Man. For prospective franchisees, this figure is important as it provides insight into the stability and health of the franchise system. A higher number of terminations could indicate potential issues with franchisee profitability, support, or overall satisfaction.
It is also important to note the other categories in the table, such as 'Non-Renewals' and 'Ceased Operations Other Reasons,' as these can also reflect challenges within the franchise system. While terminations represent a formal end to the franchise agreement, non-renewals occur when the franchisee chooses not to extend their agreement at the end of its term, and 'other reasons' could include various factors leading to the closure of an outlet. Reviewing these figures in combination with the termination rate can provide a more comprehensive understanding of franchisee turnover and the overall performance of the Bumper Man franchise system.
Prospective franchisees should investigate the reasons behind terminations and other forms of outlet closures to assess the risks and opportunities associated with investing in a Bumper Man franchise. This can be done by speaking with current and former franchisees, as well as directly addressing these concerns with the franchisor during the due diligence process.