What was the net change in the number of franchised Burros Fries outlets during 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 | |
| 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 franchised outlets during 2022 was -1. This means that Burros Fries had one less franchised location at the end of 2022 than it did at the beginning of the year.
Specifically, Burros Fries started 2022 with 4 franchised outlets and ended the year with 3. This decrease could be due to closures, terminations, or non-renewals of franchise agreements.
Potential franchisees should investigate the reasons behind this net decrease to understand the stability and performance of existing franchises. Understanding why a franchise location closed can provide valuable insights into potential challenges and risks associated with owning a Burros Fries franchise.