How many Burros Fries outlets were sold to franchisees in California during 2021?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired From Franchisees | Outlets Closed | Outlets Sold to Franchisees | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| CA | 2021 | 11 | 0 | 0 | 0 | 2 | 9 |
| 2022 | 9 | 0 | 1 | 0 | 2 | 8 | |
| 2023 | 8 | 0 | 0 | 0 | 1 | 7 | |
| AZ | 2021 | 0 | 1 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 1 | 0 | 0 | 0 | 2 | |
| Totals | 2021 | 11 | 1 | 0 | 0 | 2 | 9 |
| 2022 | 9 | 0 | 1 | 0 | 2 | 8 | |
| 2023 | 9 | 1 | 0 | 0 | 1 | 9 |
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 2 outlets sold to franchisees in California during 2021. This information is part of a table summarizing outlet data over the past three years.
This indicates that existing Burros Fries franchise locations changed ownership during that year. For a prospective franchisee, this could represent an opportunity to acquire an already established business rather than starting from scratch. However, it's important to investigate the reasons behind these transfers, as they could be due to underperformance or other issues.
It is also important to note that the table also shows that there were no transfers of outlets from franchisees to new owners (other than the franchisor) in California during 2021. This means that the sales referenced in the first table were sales from the franchisor to the franchisee. A prospective franchisee should inquire about the performance history and condition of any outlet they are considering purchasing from Burros Fries.