How many company-owned Chocolate Bash outlets were operating at the end of 2023?
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, at the end of 2023, there were 3 company-owned Chocolate Bash outlets. The number of company-owned stores remained constant throughout the years 2021, 2022 and 2023.
For a prospective franchisee, this indicates that Chocolate Bash primarily focuses on franchising as its method of expansion rather than operating company-owned stores. This could mean that the franchisor's expertise and support are geared more towards the franchise model.
It is important to note that while the number of company-owned stores remained constant, the number of franchised outlets increased from 4 to 8 during the period of 2021 to 2023. This demonstrates growth in the franchise system, which may be a positive indicator for potential franchisees.