In 2022, how many Chocolate Bash outlets were opened in total?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 1 | 2 | +1 |
| 2022 | 2 | 4 | +2 | |
| 2023 | 4 | 8 | +4 | |
| Company-Owned | 2021 | 3 | 3 | 0 |
| 2022 | 3 | 3 | 0 | |
| 2023 | 3 | 3 | 0 | |
| Total Outlets | 2021 | 4 | 5 | +1 |
| 2022 | 5 | 7 | +2 | |
| 2023 | 7 | 11 | +4 |
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, there were a total of 2 franchised outlets opened in 2022. The FDD provides a systemwide outlet summary that details the number of franchised and company-owned stores that opened during the 2022 year.
Specifically, for franchised outlets, the number of stores went from 2 at the start of 2022 to 4 by the end of the year, representing a net change of +2. For company-owned stores, the number remained constant at 3 throughout 2022.
Therefore, a prospective franchisee can see that all of the outlet growth in 2022 came from franchised locations, with no new company-owned stores opening. This information is useful for understanding the growth strategy and relative importance of franchised versus company-owned locations for Chocolate Bash.