How many Carls restaurants were opened in California during 2023?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Restaurants at Start of the Year | Restaurants Opened | Restaurants Reacquired from Franchisees | Restaurants Closed | Restaurants Sold to Franchisees | Restaurants at End of the Year |
|---|---|---|---|---|---|---|---|
| CA | 2022 | 48 | 0 | 0 | 0 | 0 | 48 |
| 2023 | 48 | 1 | 0 | 0 | 0 | 49 | |
| 2024 | 49 | 0 | 0 | 0 | 0 | 49 | |
| TOTAL | 2022 | 48 | 0 | 0 | 0 | 0 | 48 |
| 2023 | 48 | 1 | 0 | 0 | 0 | 49 | |
| 2024 | 49 | 0 | 0 | 0 | 0 | 49 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 72–79)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, there is conflicting data regarding the number of restaurants opened in California during 2023. One table indicates that one Carls restaurant was opened in California during 2023. However, another table indicates that zero restaurants were opened in California during 2023. These discrepancies may be due to different reporting methods or different types of restaurants being tracked in each table.
It is important to note that the FDD includes a note indicating that the numbers for 2022 through 2024 are as of the fiscal year end, which runs from the Tuesday subsequent to the last Monday in January through the last Monday in January of the next calendar year. This means that the data may not align perfectly with calendar year reporting.
Prospective franchisees should clarify these discrepancies with Carls to understand the actual number of restaurants opened in California during 2023 and the reasons for any differences in the reported data. Understanding the nuances of how Carls tracks and reports its restaurant openings and closures is crucial for making an informed investment decision.