How many franchised Burros Fries outlets were operating at the end of 2022?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 | |
| 2023 | 3 | 4 | +1 |
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, there were 3 franchised outlets operating at the end of 2022. At the start of 2022, there were 4 franchised outlets. During 2022, one outlet was reacquired by the franchisor, resulting in a net decrease of one franchised location.
This information is crucial for potential franchisees as it provides a snapshot of the franchise system's growth and stability. A decrease in the number of franchised outlets, even by one, could signal potential challenges or areas of concern within the franchise network. It is important to note that while the number of franchised locations decreased, the number of company-owned locations increased by one during the same period.
Prospective franchisees should investigate the reasons behind the reacquisition of the franchise location. Understanding whether it was due to franchisee performance, strategic realignment by Burros Fries, or other factors is essential for making an informed decision. This data, combined with other information in the FDD, helps assess the overall health and potential risks associated with investing in a Burros Fries franchise.