How many Chocolate Bash company-owned outlets closed in 2021?
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, there were no company-owned Chocolate Bash outlets that closed in 2021. The table regarding the status of company-owned outlets from 2021 to 2023 indicates that in 2021, there were 3 company-owned outlets at the start of the year, and 3 at the end of the year. The number of outlets that closed is listed as 0 for 2021.
This information is valuable for prospective franchisees as it provides insight into the stability and performance of company-owned Chocolate Bash locations. The fact that no company-owned stores closed in 2021 could be interpreted positively, suggesting that the Chocolate Bash business model is robust and sustainable, even in changing economic conditions.
It is important to note that this data only reflects the performance of company-owned stores and may not be indicative of the performance of franchised locations. A prospective franchisee should also review the data on franchised outlet closures and transfers to get a more complete picture of the Chocolate Bash franchise system.