In 2021, how many Chocolate Bash company-owned outlets were reacquired from franchisees?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Outlets at the Start of the Year | Outlets Opened | Outlets Reacquired From Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| California | 2021 | 3 | 1 | 0 | 0 | 1 | 3 |
| 2022 | 3 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 3 | 0 | 0 | 0 | 0 | 3 | |
| Totals | 2021 | 3 | 0 | 0 | 0 | 0 | 3 |
| 2022 | 3 | 1 | 0 | 0 | 1 | 3 | |
| 2023 | 3 | 0 | 0 | 0 | 0 | 3 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 35–38)
What This Means (2024 FDD)
According to Chocolate Bash's 2024 Franchise Disclosure Document, in 2021, the company did not reacquire any outlets from franchisees. The provided table regarding the status of company-owned outlets indicates that zero outlets were reacquired from franchisees in California during that year.
Specifically, the table provides a breakdown of company-owned outlet activity in California from 2021 to 2023. For 2021, it shows that there were 3 outlets at the start of the year, 1 outlet was opened, no outlets were reacquired from franchisees, no outlets were closed, and 1 outlet was sold to a franchisee, resulting in 3 outlets at the end of the year. The totals row also confirms that zero outlets were reacquired from franchisees in 2021.
This information is relevant for prospective franchisees as it provides insight into the stability and changes within Chocolate Bash's company-owned store network. The absence of reacquired outlets in 2021 suggests that Chocolate Bash did not have to take over any failing franchise locations during that period, which could be viewed positively. However, it is important to consider this data in conjunction with other factors, such as the number of franchise terminations or non-renewals, to get a comprehensive understanding of the franchise system's health.