In 2023, how many Chocolate Bash outlets were reacquired by the franchisor in California?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
us of Company-Owned Outlets For years 2021 to 2023**
| 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 |
Table 5 Projected Openings As Of December 31, 2023
| State | Franchise Agreements Signed But Outlet Not Opened | Projected New Franchised Outlets In The Next Fiscal Year | Projected New Company- Owned Outlets In the Next Fiscal Year |
|---|---|---|---|
| Arizo |
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 zero outlets reacquired by the franchisor in California during 2023, according to two separate tables. One table provides information regarding outlets and franchisee information by state, while the other provides a systemwide outlet summary. Both tables show '0' outlets reacquired in California in 2023.
This information is relevant for prospective franchisees as it provides insight into the stability and performance of existing Chocolate Bash franchises. The fact that no franchises were reacquired in California during 2023 could indicate that the existing franchise locations are performing well and that franchisees are successfully managing their businesses.
However, it is important to consider this information in conjunction with other data provided in the FDD, such as the number of outlets opened, closed, or transferred, to gain a comprehensive understanding of the franchise system's overall health and growth. Additionally, prospective franchisees should inquire about the reasons for any reacquired franchises in previous years to assess potential risks and challenges associated with operating a Chocolate Bash franchise.