How many Carbones Pizzeria outlets were transferred from franchisees to new owners in Minnesota during 2023?

According to Carbones Pizzeria's 2025 Franchise Disclosure Document, there was one transfer of an outlet from a franchisee to a new owner in Minnesota during 2023. This information is based on Table No. 2, which specifically tracks such transfers. The table also provides data for 2022 and 2024, showing two transfers in 2022 and none in 2024.

This data point is important for prospective franchisees as it provides insight into the resale market for Carbones Pizzeria franchises. A higher number of transfers could indicate a more liquid market, but it could also signal potential issues with franchise profitability or franchisee satisfaction. Conversely, a low number of transfers, as seen in 2024, might suggest stability within the franchise system, but could also mean it's difficult to exit the business if desired.

It's worth noting that the footnote to Table No. 3 clarifies that certain types of transfers are excluded from this data, specifically those where beneficial ownership of less than 50% did not change, transfers to an entity owned by the individual, or transfers to heirs. This means the actual number of ownership changes could be higher, but these excluded transfers are not considered typical sales to new, unrelated owners. Prospective franchisees should consider these nuances when evaluating the transfer data.

Overall, the transfer data provides a limited but useful perspective on franchise ownership changes within the Carbones Pizzeria system. Potential franchisees should discuss these figures with the franchisor and current franchisees to gain a more comprehensive understanding of the factors driving franchise transfers and the potential implications for their investment.