How many company-owned Burros Fries outlets were operating at the end of 2023?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
For Fiscal Years ending 2021 through 2023
| Outlet Type | Yea r | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 2 | 4 | +2 |
| 2022 | 4 | 3 | -1 | |
| 20 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 50–53)
What This Means (2024 FDD)
According to Burros Fries's 2024 Franchise Disclosure Document, at the end of 2023, there were 9 company-owned Burros Fries outlets. These outlets are operated by seven affiliates of the company.
It's important to note that while these outlets are company-owned, they are technically owned by affiliates rather than directly by Burros Fries itself. This distinction could have implications for financial reporting, liability, and operational control. A prospective franchisee should understand the relationship between Burros Fries and its affiliates and how that relationship might affect their franchise.
Understanding the number and status of company-owned outlets can give potential franchisees insight into the overall health and direction of Burros Fries. A high number of company-owned stores might indicate a strong, established brand, while a low number could suggest a greater reliance on franchisees for growth. The fact that the number of company-owned stores remained constant in 2023 may indicate a period of stability or a strategic decision to focus on franchise growth.