How many Chocolate Bash company-owned outlets were operating in California at the start of 2021?
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 3 company-owned outlets operating in California at the start of 2021. The provided table outlines the status of company-owned outlets from 2021 to 2023. It shows that the number of company-owned Chocolate Bash locations in California remained constant at 3 throughout this period.
For a prospective franchisee, this indicates that Chocolate Bash may not be actively expanding its company-owned operations in California. The stability in the number of company-owned stores could suggest a preference for franchising as the primary growth strategy. It could also mean that the corporate stores are consistently profitable and require no changes.
It is important to note that while the number of company-owned stores remained constant, the number of franchised Chocolate Bash outlets increased during this period. This information can be helpful for potential franchisees to understand the company's growth strategy and the role of company-owned versus franchised locations within the Chocolate Bash system.