What was the net change in the number of company-owned Burros Fries outlets during the year 2021?
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 | |
| Company- Owned* | 2021 | 8 | 8 | 02 |
| 2022 | 8 | 9 | +1 | |
| 2023 | 9 | 9 | 0 | |
| Total Outlets | 2021 | 10 | 12 | +2 |
| 2022 | 12 | 12 | 02 | |
| 2023 | 12 | 13 | +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, the net change in the number of company-owned outlets during the fiscal year 2021 was a positive two, although the table shows this as "02". At the start of 2021, there were 8 company-owned Burros Fries outlets, and by the end of the year, there were 8 company-owned outlets.
It is important to note that these company-owned outlets are owned by Burros Fries's affiliates, as indicated by the asterisk in the table. This distinction may have implications for how these outlets are managed and operated compared to franchised locations.
Prospective franchisees should consider the performance and changes in both franchised and company-owned outlets when evaluating the overall health and growth of the Burros Fries system. Understanding the dynamics between these two types of outlets can provide a more comprehensive view of the franchise's potential.