In 2023, how many Chocolate Bash franchised outlets were not renewed?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Column 2 | Outlets at the Start of the Year | Outlets Opened | Termi- Nations | Non- Renewals | Reacquired by Franchisor | Ceased Operations – Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Year | ||||||||
| AZ | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 2 | 0 | 0 | 0 | 0 | 2 | |
| CA | 2021 | 1 | 1 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 2 | 0 | 0 | 0 | 0 | 4 | |
| 2023 | 4 | 2 | 0 | 0 | 0 | 0 | 6 | |
| Totals | 2021 | 1 | 1 | 0 | 0 | 0 | 0 | 2 |
| 2022 | 2 | 2 | 0 | 0 | 0 | 0 | 4 | |
| 2023 | 4 | 4 | 0 | 0 | 0 | 0 | 8 |
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 no non-renewals of franchise agreements in 2023. Specifically, the table detailing the status of franchised outlets from 2021 to 2023 indicates that the number of 'Non-Renewals' was zero for both Arizona and California, which are the only states listed with Chocolate Bash franchise locations.
This suggests that all Chocolate Bash franchisees who had agreements up for renewal in 2023 chose to renew them, or that no agreements were up for renewal during that year. For a prospective franchisee, this could be interpreted as a positive sign, potentially indicating satisfaction among current franchisees with the Chocolate Bash brand and business model.
However, it is important to consider that a lack of non-renewals does not necessarily guarantee franchisee satisfaction. Other factors, such as terminations or transfers, could also provide insights into the health and stability of the franchise system. A prospective franchisee should investigate these other factors and speak with current and former franchisees to gain a comprehensive understanding of the Chocolate Bash franchise opportunity.